BlackRock’s Bitcoin ETF (IBIT) Sees Record $1.1B Singe-Day Inflow

• BlackRock’s IBIT has set a new record amount of its single-day inflows. 
• The fund attracted over $1 billion, accounting for 82% of the total spot Bitcoin ETF inflows on Thursday. 
• Donald Trump’s win, among other factors, likely spurred the massive inflows. 

BlackRock’s iShares Bitcoin Trust (IBIT), the world’s largest spot Bitcoin exchange-traded fund (ETF) by net assets, set a new record in inflows on Thursday after attracting over a billion from investors. 

The inflow surge into IBIT came barely two days after the ETF bled $113 million amid a weaker investor sentiment ahead of the U.S. presidential election and the Federal Reserve’s decision on interest rates. It also followed the fund’s record single-day trading volume of over $4 billion on election day.  

IBIT Bitcoin ETF Sets New Record

According to SoSoValue data , IBIT Bitcoin ETF saw daily net inflows of $1.12 billion on November 7, shattering its previous record for the highest single-day net inflows on October 30, when the fund attracted $872 million. 

Various factors likely contributed to IBIT’s impressive inflows, including Donald Trump’s win in the U.S. presidential election, which keen observers believe boosted investor sentiment in broader risk markets. Trump’s victory on November 6 triggered equities and cryptos to rally, with Bitcoin surging to a record high near $77,000 on Thursday.  

At the same time, the Federal Open Market Committee’s move to cut interest rates by another 25 basis points to the 4.50%-4.75% range on November 7 likely spurred institutions to enter the spot Bitcoin ETF market. 

IBIT accounted for 82% of the $1.38 billion that flowed into the 12 spot Bitcoin ETFs on Thursday, a relatively successful trading day that saw none of the fund bleed. 

Other notable inflows were seen in Fidelity’s FBTC, Grayscale’s Mini Bitcoin Trust (BTC), and Ark Invest’s ARKB, which attracted $190.92 million, $20.38 million, and $17.61 million, respectively. 

Meanwhile, spot Ether ETFs extended their positive streak to a second day, attracting $79.74 million on Thursday. Fidelity’s FETH led the day’s inflows with $28.93 million, followed by BlackRock’s ETHA and VanEck’s ETHV at $23.66 million and $12.7 million, respectively. 

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