BlackRock’s iShares Bitcoin Trust (IBIT) recorded an unprecedented single-day net inflow of $1.12 billion on Thursday, surpassing its previous record of $872 million set just a few days ago on Oct. 30.
BlackRock's Bitcoin ETF Hits Record Net Inflow of $1.1 Billion in a Single Day
This massive inflow underscores the growing institutional interest in Bitcoin and signals a strong shift towards crypto investment amid favorable market conditions.
The capital infusion came a day after IBIT set a new single-day trading volume record of over $4 billion, attracting investors looking to capitalize on Bitcoin's recent price rally and BlackRock's credibility in the ETF market.
“This increase reflects strong investor confidence driven by BlackRock’s reputation, Bitcoin’s recent rally, and favorable market conditions,” said Rachael Lucas, crypto analyst at BTCMarkets.
Lucas highlighted that the excitement around pro-crypto policies following Donald Trump’s recent US presidential victory contributed to optimism and spurred both the equity and crypto markets. Responding to the market rally, Bitcoin reached a new all-time high.
Adding to this momentum, the Federal Open Market Committee announced a 25 basis point rate cut, lowering interest rates to a range of 4.50% to 4.75%. According to Jeff Mei, COO of crypto exchange BTSE, “Trump’s victory and the Fed’s rate cut encouraged institutions to dive into the crypto markets.
With the prospect of further rate cuts, pro-crypto regulations on the horizon, and additional economic stimulus from China, institutional interest in BlackRock’s Bitcoin ETF will likely continue to grow.”
Thursday’s surge saw 12 U.S. spot Bitcoin ETFs collectively attract record net inflows of $1.38 billion. Fidelity’s FBTC reported inflows of $190.92 million, while Grayscale’s mini-trust added $20.38 million.
Other funds including Ark & 21Shares, Bitwise, VanEck and Valkyrie also saw inflows, contributing to a total sector-wide net inflow of $25.49 billion.
*This is not investment advice.
