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.
The BlackRock ETF’s total assets now stand at $29.3 billion, with almost half accumulated within the past month.
A well-regarded crypto analyst believes that Bitcoin (BTC) could experience a final, explosive rally before the current market cycle concludes.
Dan Tapiero, a seasoned macro investor and hedge fund manager, sees potential for a significant Bitcoin surge if the U.S. economy hits a downturn that pushes the Federal Reserve toward aggressive rate cuts.
Bitcoin rose steadily in April, breaking through the psychological barrier of $100,000.
As global crypto companies reconsider their U.S. strategies due to rising geopolitical tensions, Hive Digital Technologies is betting on Latin America — specifically Paraguay — as its next growth frontier.