BlackRock’s spot Bitcoin ETF has surpassed $1 billion in inflows for the first time since its launch in January.
The world’s largest asset manager, BlackRock, accumulated over $1 billion of inflows to its Bitcoin exchange-traded fund (ETF) across a record trading day as Bitcoin continued to break all-time highs.
On Nov. 7, BlackRock’s spot Bitcoin ETF (IBIT) clocked $1.1 billion in inflows, reclaiming inflow day status after two consecutive days of outflows totaling $113.3 million, according to Farside data.
It comes on the same day as Bitcoin again clocked new all-time highs, reaching $76,943, according to CoinMarketCap data.
