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CryptoIntelligence 2024-11-08 06:15:27

BlackRock Records Over $1 Billion of Inflows Into Its BTC ETF

BlackRock Records Over $1 Billion of Inflows Into Its BTC ETF

BlackRock, the world’s largest asset manager, recorded over $1 billion in inflows to its Bitcoin exchange-traded fund (ETF) on Nov. 7, coinciding with Bitcoin’s rise to all-time highs. Data from Farside shows that BlackRock’s spot Bitcoin ETF (IBIT) saw $1.1 billion in inflows, reclaiming this status after two days of outflows that totaled $113.3 million. Bitcoin surged to nearly $77,000, with CoinMarketCap recording a high of $76,943. IBIT accounted for nearly 82% of the total $1.34 billion in inflows seen across the 11 U.S.-listed spot Bitcoin ETFs. The Fidelity Wise Origin Bitcoin Fund followed, with $190.9 million in inflows, while

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