BlackRock's Bitcoin ETF hits record inflow amid crypto market rally
2024-10-31

The world’s largest asset manager, BlackRock, has recorded the biggest inflow day for its spot Bitcoin exchange-traded fund (ETF) since its launch at the beginning of this year.
On Oct. 30, BlackRock’s spot Bitcoin ETF (IBIT) recorded inflows of $875 million, according to CoinGlass data. This marks the highest inflow day for IBIT since its launch on Jan. 11.
The significant inflow figure has surpassed IBIT’s previous high of $849 million set on March 12, as per Farside data.
Traders are speculating that a billion-dollar inflow day could be imminent.
“I said billion dollar inflows, it was NOT a joke,” crypto trader Trading Axe told their 70,300 X followers.
Meanwhile, crypto trader Cozy The Caller opined to their 164,100 followers that it is going to be “above 1B the day we break ATH for sure.”
This is a developing story, and further information will be added as it becomes available.