- On October 30, the iShares Bitcoin Trust (IBIT) from BlackRock attracted a record $872 million. This is the largest single-day inflow since the fund's launch in January.
- The day before, IBIT's trading volume reached $3.35 billion, the highest in the last six months.
- The total inflow into American spot Bitcoin ETFs amounted to $893.21 million, the second-largest figure in history.
- Analysts attribute the growth to investors' desire to hedge risks amid the upcoming presidential elections in the U.S.
- Experts predict that institutional investors may account for up to 40% of spot Bitcoin ETF holders by next year.