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.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.