BlackRock's iShares Bitcoin Trust (IBIT) has attracted a record inflow of $872 million on October 30. This is the highest amount in a single day since the fund launched in January. This growth comes right after IBIT's daily trading volume reached $3.35 billion, the highest in over six months.
- IBIT is the largest Bitcoin ETF in the U.S., surpassing the previous high of $849 million on March 12.
- Other Bitcoin ETFs in the U.S. also recorded significant inflows, totaling $893.21 million in a single day, the second-highest ever.
- Funds such as Fidelity’s FBTC, Grayscale’s BTC, ARKB from Ark Invest, and 21Shares, Invesco’s BTCO, Valkyrie’s BRRR, and VanEck’s HODL all saw significant inflows.
The increase in inflows into Bitcoin ETFs may be due to investors wanting to protect their assets amid economic uncertainty as the U.S. presidential election approaches. Bloomberg analyst Eric Balchunas predicts that Bitcoin ETFs could soon surpass Satoshi Nakamoto's 1.1 million BTC to become the largest holder in the world. 🌐
Bitcoin remains the top-performing asset over the past year, only trailing behind a few standout stocks like Nvidia. Analysts believe that Bitcoin still has significant potential to reach new highs. 🚀