BlackRock’s iShares Bitcoin Trust (IBIT) attracted a massive $1.12 billion in a single day, setting a new record and surpassing its previous peak of $872 million.
This surge reflects growing investor confidence in Bitcoin, bolstered by BlackRock’s reputation and Bitcoin’s recent price rally. On the same day, the ETF saw over $4 billion in trading volume.
Crypto analyst Rachael Lucas attributed this rise to institutional trust, FOMO, and delayed capital flows following recent price gains.
The U.S. presidential election results, with pro-crypto candidate Donald Trump winning, further boosted market optimism, pushing Bitcoin to a new high. The Federal Reserve’s recent interest rate cut added to the appeal for investors.
With the influx into IBIT, net inflows for all 12 U.S. Bitcoin ETFs reached $1.38 billion, a new high. Fidelity’s FBTC and Grayscale’s mini trust also saw significant gains, alongside other funds from Ark, 21Shares, and Bitwise.
Ethereum ETFs likewise benefited, seeing a spike in volume and inflows following the election, with Thursday’s volume reaching $466 million—far above the usual range.
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