BlackRock Records Largest Inflow of All Year, Surpassing US$1.1 Billion
BlackRock, a multinational investment firm, recorded an inflow of more than US$1.1 billion in Bitcoin Spot ETF (IBIT) during yesterday's trading, Thursday (07/11). This figure is the largest inflow of funds.
According to Farside data, this is good news after BlackRock experienced an outflow of funds for two consecutive days amounting to US$113.3 million.
“I told you all this was going to be big, although I was surprised by the size of it, by far the largest single-day inflow of any Bitcoin ETF ever,” Bloomberg ETF analyst Eric Balchunas wrote in an X post on Thursday (11/07).
With this situation, crypto investors and analysts continue to monitor market movements in hopes of a further upward trend, although volatility remains a major concern.
click here get discounted BTC coins
