{"id":41015,"date":"2024-11-08T23:52:46","date_gmt":"2024-11-08T23:52:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-ibit-sets-record-1-1-billion-in-daily-inflows\/"},"modified":"2024-11-08T23:52:46","modified_gmt":"2024-11-08T23:52:46","slug":"blackrocks-ibit-sets-record-1-1-billion-in-daily-inflows","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-ibit-sets-record-1-1-billion-in-daily-inflows\/","title":{"rendered":"BlackRock\u2019s IBIT sets record $1.1 billion in daily inflows"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06-Blackrock-4-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06-Blackrock-4-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06-Blackrock-4-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06-Blackrock-4-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">IBIT\u2019s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7<\/li>\n<li aria-level=\"1\">Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin\u2019s new record indicates a \u201cbroader shift in institutional confidence\u201d seen by BlackRock\u2019s record net inflows<\/li>\n<li aria-level=\"1\">The 12 spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January<\/li>\n<\/ul>\n<p>BlackRock\u2019s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion, topping its previous record of $872 million.<\/p>\n<p>The new record was noted on <a href=\"https:\/\/sosovalue.com\/bigChart\/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&amp;coin=BTC&amp;page=usBTC\" target=\"_blank\" rel=\"noopener\">SoSoValue<\/a> and comes when Bitcoin reached an <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-hits-new-ath-as-fed-cuts-interest-rates-by-25-bps\/\">all-time high of $76,677<\/a> across major exchanges on November 7. Earlier in the week, Bitcoin broke a <a href=\"https:\/\/coinjournal.net\/news\/unity-coo-its-disingenuous-to-say-trump-win-directly-caused-bitcoin-price-rise\/\">new all-time high of $75,317<\/a> as voting results signalled a Donald Trump win for the White House.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/search\/blackrock\">BlackRock\u2019s<\/a> IBIT net assets now account for $34.29 billion, significantly pushing it ahead of its competitors. In October, BlackRock set a new record when its total assets <a href=\"https:\/\/coinjournal.net\/news\/blackrocks-spot-bitcoin-etf-hits-30-billion-sets-new-record-in-293-days\/\">reached $30 billion in 293 days<\/a>.<\/p>\n<p>Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin\u2019s new record suggests a \u201cbroader shift in institutional confidence, with notable market movements such as BlackRock\u2019s record net inflows into its iShares Bitcoin Trust (IBIT),\u201d adding:<\/p>\n<p>\u201cThe growing institutional interest underscores Bitcoin\u2019s increasing recognition as a trusted asset class, driven by rising global demand and mainstream adoption. As more investors seek exposure to digital assets, Bitcoin\u2019s role as a store of value and a potential hedge against inflation becomes ever clearer.\u201d<\/p>\n<p>The 12 US spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, also a new record <a href=\"https:\/\/coinjournal.net\/news\/us-sec-approves-eleven-spot-bitcoin-etfs-as-memeinators-presale-approaches-3-5m\/\">since listing in January<\/a>.<\/p>\n<h2>Nearing Satoshi\u2019s wallet<\/h2>\n<p>Bloomberg ETF analyst Eric Balchunas noted BlackRock\u2019s new record in a post on <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1854722420906533218\" target=\"_blank\" rel=\"noopener\">X<\/a>, saying: \u201cEven I am surprised it\u2019s that big, by far biggest one day flow of any BTC ETF ever.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Told y\u2019all it was prob gonna be big, altho even I am surprised it\u2019s that big, by far biggest one day flow of any btc etf ever. <a href=\"https:\/\/t.co\/Q5MPDMrTYv\">https:\/\/t.co\/Q5MPDMrTYv<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1854722420906533218?ref_src=twsrc%5Etfw\">November 8, 2024<\/a><\/p>\n<\/blockquote>\n<p>Balchunas later added that the <a href=\"https:\/\/coinjournal.net\/search\/bitcoin+etfs\">spot Bitcoin ETFs<\/a> have taken in a combined $6.7 billion in the past month and $25.5 billion year to date, and are 93% of the way to passing Satoshi Nakamoto\u2019s 1.1 million Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">HOOVER CITY: Bitcoin ETFs took in a record-smashing $1.4b yesterday (the Trump effect). <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IBIT<\/a> alone was +$1.1b. That&#8217;s +$6.7b in past mo and $25.5b YTD. All told they feasted on about 18k btc in one day (vs 450 mined) and are now 93% of the way to passing Satoshi&#8217;s 1.1mil btc. <a href=\"https:\/\/t.co\/dNLoENlDB3\">pic.twitter.com\/dNLoENlDB3<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1854862288794099968?ref_src=twsrc%5Etfw\">November 8, 2024<\/a><\/p>\n<\/blockquote>\n<p>\u201cThis confidence suggests that Bitcoin is now seen as a legitimate hedge and growth asset, particularly appealing amid traditional market uncertainties and as regulatory clarity improves,\u201d said James Toledano, COO at Unity, a self-custody crypto wallet, to CoinJournal. \u201cJust look at pension funds in both the UK and US investing in Bitcoin too. Sentiment has changed massively in such a short space of time.\u201d<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/search\/grayscale\">Grayscale\u2019s<\/a> GBTC, the second-largest by net assets at $16.80 billion, saw a net inflow of $7.31 million. Fidelity\u2019s FBTC reported $190.92 million and Ark and 21Shares saw $17.61 million.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/blackrocks-ibit-sets-record-1-1-billion-in-daily-inflow\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) IBIT\u2019s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7 Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin\u2019s new record indicates a \u201cbroader shift in institutional confidence\u201d seen by [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":41016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41015"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41015"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41016"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}