💥💥💥 #bitcoin☀️ Investors Inject $1.1 Billion into #BlackRock ETF Amid New $BTC Highs
BlackRock’s spot Bitcoin ETF recorded a major milestone, surpassing $1 billion in daily inflows for the first time since its launch in January.
The world's largest asset manager, BlackRock, saw $1.1 billion pour into its Bitcoin ETF (#IBIT ) on Nov. 7, marking a record trading day as Bitcoin surged to new all-time highs. This comes after two days of outflows totaling $113.3 million, as reported by Farside.
Bitcoin Hits New Highs
- On the same day, Bitcoin hit nearly $77,000, reaching $76,943 according to CoinMarketCap. IBIT’s inflows made up nearly 82% of the total $1.34 billion inflows into U.S.-listed Bitcoin ETFs, with Fidelity’s Wise Origin Bitcoin Fund attracting $190.9 million and the ARK 21Shares Bitcoin ETF following with $17.6 million.
- Crypto enthusiasts anticipate further momentum, with crypto trader "The Bitcoin Therapist" telling their 141,400 followers to “expect another massive day tomorrow.” Analyst Rajat Soni also shared the excitement with his 100,400 followers, urging them to “buckle up,” while commentator Zia ul Haque welcomed what he calls “PumpVember.”
Historic Trading Volumes
- Bloomberg ETF analyst Eric Balchunas expressed surprise at the inflows, calling it the “biggest one-day flow of any Bitcoin ETF ever” in a Nov. 7 post. He noted that IBIT had already seen $1.1 billion in trading volume within the first 20 minutes after the market opened following Donald Trump’s re-election.
