On November 7, Bitcoin exchange-traded funds (ETFs) experienced a record-setting day by attracting single-day net inflows totaling $1.5 billion. This achievement marks the largest one-day influx in the history of cryptocurrency ETFs.
BlackRock's iShares Bitcoin ETF (IBIT) played a significant role in this influx, contributing $1.1 billion of the total. IBIT showcased robust trading activity, with its trading volume achieving $1 billion within just the initial 35 minutes of the trading session. This demonstrates the high demand from both institutional and retail investors.
The total assets under management for Bitcoin ETFs have now surpassed $60 billion, reflecting a broader acceptance and interest in cryptocurrencies. In the past week alone, Bitcoin ETFs garnered inflows amounting to $5 billion, underscoring the escalating interest in digital assets amid ongoing global financial uncertainties.
