BlackRock, the world’s largest asset manager, saw a groundbreaking $1.1 billion inflow into its spot Bitcoin ETF, IBIT, following two days of outflows totaling $113.3 million, according to SoSo Value data. The historic inflows aligned with Bitcoin hitting a record high of $76,943 on CoinMarketCap.
IBIT Leads U.S. Spot Bitcoin ETF Inflows at 82%
BlackRock’s IBIT captured an impressive 82% of the total $1.34 billion in inflows across 11 U.S.-listed Bitcoin ETFs. Fidelity’s Wise Origin Bitcoin Fund (FBTC) secured second place with $190.9 million, while ARK’s 21Shares Bitcoin ETF (ARKB) saw $17.6 million in inflows. Crypto traders and analysts quickly noted this activity, with figures like “The Bitcoin Therapist” predicting more record inflows.
Bloomberg ETF analyst Eric Balchunas described the $1.1 billion spike as “the largest one-day inflow for any Bitcoin ETF ever.” He noted that IBIT saw $1.1 billion in trades within 20 minutes on Nov. 6, coinciding with Donald Trump’s presidential election victory.
Trump’s Victory Sparks Crypto Optimism
Trump’s return to the White House has fueled enthusiasm in the crypto community, as he proposes supportive policies, including a national Bitcoin reserve, incentives for miners, and favorable regulatory frameworks. Bitwise CIO Matt Hougan dubbed Trump’s victory a trigger for a potential “golden age” in cryptocurrency, bolstered by expectations of favorable SEC leadership changes.
Record-Breaking Inflows in Digital Asset Products
Digital asset products attracted record inflows of $2.2 billion last week, pushing total year-to-date inflows to an unprecedented $29.2 billion. The surge raised assets under management (AuM) to over $102 billion for only the second time in history, levels last seen in early June 2024. Bitcoin led with $2.2 billion in inflows, while short-Bitcoin products saw $8.9 million, followed by Ethereum with $9.5 million and Solana with $5.7 million.
For more on global crypto and market trends, stay updated with CentBit.Online.
