On Thursday 7 November 2024, BlackRock recorded its largest-ever net inflow for the iShares spot #Bitcoin ETF, amounting to $1.12 billion. Pav Hundal, lead market analyst at crypto exchange Swyftx, described the current market conditions as a "goldilocks scenario" characterized by monetary easing, political stability, and robust U.S. economic data. He noted that capital is flowing into ETFs at an unprecedented rate. Among the 11 spot Bitcoin ETFs available on Wall Street, BlackRock's is the largest, with Grayscale's ETF being the second-largest, holding $16.79 billion worth of Bitcoin, which is approximately half the size of BlackRock's ETF.