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Surge in Bitcoin ETF interest pushes US funds past the 1 million bitcoin milestone.
Key Takeaways
BlackRock's spot Bitcoin ETF saw a record inflow of $875 million on October 30. The inflow contributed to US spot ETFs surpassing the 1 million Bitcoin mark held collectively. <?xml encoding="UTF-8"?>BlackRock’s spot Bitcoin ETF recorded $875 million in inflows on Oct. 30, marking its highest single-day inflow since its January launch, according to CoinGlass data.
The latest figure surpasses the previous record of $849 million set on March 12 for the iShares Bitcoin Trust (IBIT).
“Pretty apropos that the biggest daily inflow ever for $IBIT is what pushed the US spot ETFs over the 1 million bitcoin held mark,” said Bloomberg ETF Analyst Eric Balchunas.
US ETFs acquired 12,418 Bitcoin on Oct. 30, with BlackRock holding 429,129 BTC, Grayscale maintaining 220,415 BTC, and Fidelity possessing 188,592 BTC.
BlackRock’s ETF has reached $29.3 billion in assets, with nearly half of that accumulated in the past month.
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