BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high
BlackRock’s spot Bitcoin ETF surpassed $1 billion in daily inflows for the first time since its launch in January.
The world’s largest asset manager, BlackRock, accumulated more than $1 billion of inflows to its Bitcoin exchange-traded fund (ETF) across a record trading day as Bitcoin continued to break all-time highs.
On Nov. 7, BlackRock’s spot Bitcoin ETF (IBIT) clocked $1.1 billion in inflows, reclaiming inflow status after two consecutive days of outflows totaling $113.3 million, according to Farside data.
It came on a day when Bitcoin (BTC) again hit all-time highs, reaching $76,943, according to CoinMarketCap data.
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Author: Ciaran Lyons
