BlackRock's Spot Bitcoin ETF Sees Record-Breaking $875 Million Single-Day Inflow
BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), recorded a massive inflow of $875 million on October 30th, 2024. This marks the highest single-day inflow for the ETF since its launch in January, according to CoinGlass data.
The previous record for the largest single-day inflow was held by the Grayscale Bitcoin Trust (GBTC), which saw $849 million on March 12th, 2024.
Bloomberg ETF Analyst Eric Balchunas commented on the news, saying, "Pretty apropos that the biggest daily inflow ever for $IBIT is what pushed the US spot ETFs over the 1 million bitcoin held mark."
US ETFs acquired 12,418 Bitcoin on October 30th, bringing the total number of Bitcoin held by US ETFs to over 1 million. BlackRock's ETF has reached $29.3 billion in assets, with nearly half of that accumulated in the past month.
This record-breaking inflow highlights the growing institutional interest in Bitcoin and the increasing popularity of Bitcoin ETFs.
