$1.1 Billion In One Day: BlackRock's Bitcoin ETF Defies Expectations

Bitcoin is reaching new dizzying heights, driven by favorable political winds. The arrival of Donald Trump at the White House, now a pro-crypto president, seems to energize the sector, and investors are flocking to Bitcoin ETFs. Leading the race, BlackRock is recording record inflows, shaking up the market. And this is just the beginning of an unprecedented wave of funds.

Bitcoin ETF: The Incredible Success of BlackRock

The numbers speak for themselves: BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has shattered transaction records with a massive inflow of 1.1 billion dollars in a single day. This amount has never been reached since its launch in January, a sign of growing enthusiasm.

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Several factors explain this success:

• 1.12 billion dollars: record volume of inflows for IBIT in a single day;
• 82% of total inflows to Bitcoin ETFs in the United States come from BlackRock;
• 34.2 billion dollars in net assets for IBIT, boosted by the rise of Bitcoin.

“We are in a perfect setup: monetary easing, political stability, and strong US economic data,” comments Pav Hundal, analyst at Swyftx.

This combination is attracting unprecedented capital to ETFs, and the pace does not seem ready to slow down. Other funds, while popular, struggle to keep up with this movement, with Grayscale recording net outflows, disadvantaged by its high fees of 1.5% compared to 0.25% for IBIT.

Bitcoin Soars to New Heights

The Bitcoin market is in full swing, and records are being broken. With a peak exceeding 76,943 dollars, BTC attracts an army of investors. This movement is fueled by general enthusiasm, and IBIT alone captures the majority of the flows.

On Wednesday, the trading volume of IBIT reached 4 billion dollars, crushing the competition. Even Fidelity, usually strong with its own ETF, cannot keep up with this frenzy.

Observers are very optimistic for the days to come. “Expect another crazy day tomorrow,” announced trader The Bitcoin Therapist to his followers, while other voices like Rajat Soni and Zia ul Haque talk about an intense November for Bitcoin.

This phenomenon shows that Bitcoin ETFs are not just a passing fad: they are gaining momentum that, according to some experts, could even exceed the creation capacity of BTC. At this rate, crypto rally of an unprecedented scale seems to be on the horizon.

Recently, some specialists doubted whether Bitcoin ETFs could provide the expected boost. In light of the record inflow figures, the question is now being asked: what if the long-awaited boost has just begun?