BlackRock, the world’s largest asset manager, has witnessed a record-breaking $1.1 billion in inflows into its spot Bitcoin exchange-traded fund (ETF), IBIT.
The record inflows came after BlackRock saw two days of outflows totaling $113.3 million, according to data from SoSo Value.
The surge in inflows coincided with Bitcoin reaching a new all-time high of $76,943, as reported by CoinMarketCap.
BlackRock’s IBIT ETF accounted for a staggering 82% of the $1.34 billion total inflows across 11 U.S.-listed spot Bitcoin ETFs on the same day.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) ranked second with $190.9 million in inflows, while ARK’s 21Shares Bitcoin ETF (ARKB) followed with $17.6 million.
The record inflows have sparked optimism among market participants. Crypto trader “The Bitcoin Therapist” predicted more significant inflows, urging their 141,000 X followers to “expect another massive day tomorrow.”
Financial analyst Rajat Soni also chimed in, advising his 100,000 followers to “buckle up,” while crypto commentator Zia ul Haque dubbed the month “PumpVember.”