BlackRock’s Bitcoin ETF Hits Record $875M Inflow
BlackRock's spot Bitcoin ETF saw an impressive influx on October 30, with $875 million flowing in, marking its highest single-day intake since its launch in January, as per CoinGlass data.
This new inflow surpasses the previous peak of $849 million recorded on March 12 for the iShares Bitcoin Trust (IBIT).
Bloomberg ETF Analyst Eric Balchunas noted the significance, stating that this record-breaking inflow helped U.S. spot ETFs surpass the milestone of holding over 1 million Bitcoin .
On that day, U.S. ETFs collectively acquired 12,418 Bitcoin. BlackRock leads with 429,129 BTC, followed by Grayscale with 220,415 BTC, and Fidelity holding 188,592 BTC.
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Retail Investor Interest Lags Despite Bitcoin’s Rally Toward All-Time HighThe BlackRock ETF’s total assets now stand at $29.3 billion, with almost half accumulated within the past month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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