{"id":18222,"date":"2024-10-31T12:12:59","date_gmt":"2024-10-31T10:12:59","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrocks-bitcoin-etf-sees-record-daily-inflow-of-872-million\/"},"modified":"2024-10-31T12:12:59","modified_gmt":"2024-10-31T10:12:59","slug":"blackrocks-bitcoin-etf-sees-record-daily-inflow-of-872-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blackrocks-bitcoin-etf-sees-record-daily-inflow-of-872-million\/","title":{"rendered":"BlackRock&#8217;s Bitcoin ETF Sees Record Daily Inflow of $872 Million"},"content":{"rendered":"<p>On October 30, BlackRock&#8217;s spot bitcoin ETF, iShares Bitcoin Trust, recorded a net inflow exceeding $872 million, surpassing the March peak of $849 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"440\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BlackRock-Bitcoin-ETF-Daily-Data-Chart-IBIT-Total-Net-Assets-and-Inflow-Outflow-Changes-1024x440.jpg\" alt=\"BlackRock-Bitcoin-ETF-Daily-Data-Chart-IBIT-Total-Net-Assets-and-Inflow-Outflow-Changes\" class=\"wp-image-244220\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BlackRock-Bitcoin-ETF-Daily-Data-Chart-IBIT-Total-Net-Assets-and-Inflow-Outflow-Changes-1024x440.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BlackRock-Bitcoin-ETF-Daily-Data-Chart-IBIT-Total-Net-Assets-and-Inflow-Outflow-Changes-300x129.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BlackRock-Bitcoin-ETF-Daily-Data-Chart-IBIT-Total-Net-Assets-and-Inflow-Outflow-Changes-768x330.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BlackRock-Bitcoin-ETF-Daily-Data-Chart-IBIT-Total-Net-Assets-and-Inflow-Outflow-Changes-1536x661.jpg 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BlackRock-Bitcoin-ETF-Daily-Data-Chart-IBIT-Total-Net-Assets-and-Inflow-Outflow-Changes.jpg 1560w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/sosovalue.com\/bigChart\/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&#038;coin=BTC\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe surge in inflows is driven by several key factors, including the global shift of central banks towards lowering interest rates, which has increased liquidity and made capital more accessible to investors,\u201d crypto analyst Rachel Lucas from BTCMarkets told <a href=\"https:\/\/www.theblock.co\/post\/323877\/blackrocks-spot-bitcoin-etf-sees-record-breaking-872-million-net-inflows-surpassing-march-peak\">The Block<\/a>.<\/p>\n<\/blockquote>\n<p>She added that expectations of Donald Trump&#8217;s victory in the U.S. presidential election could also be a contributing factor.<\/p>\n<p>In total, U.S. spot bitcoin ETFs attracted $893.2 million on Wednesday. Fidelity&#8217;s FBTC contributed $12.57 million; other funds included:<\/p>\n<ul class=\"wp-block-list\">\n<li>Grayscale&#8217;s GBTC \u2014 $7.96 million;<\/li>\n<li>ARKB from Ark and 21Shares \u2014 $7.18 million;<\/li>\n<li>Valkyrie&#8217;s BRRR \u2014 $7.18 million;<\/li>\n<li>Invesco&#8217;s BTCO \u2014 $4.9 million;<\/li>\n<li>VanEck&#8217;s HODL \u2014 $4.07 million.<\/li>\n<\/ul>\n<p>Only BITB from Bitwise recorded an outflow of $23.89 million. The asset values in other structures remained unchanged.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"397\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-ETF-Dashboard-Latest-BTC-Spot-ETF-Daily-Data-and-Charts-of-Inflow-and-Outflow-1024x397.jpg\" alt=\"Bitcoin-ETF-Dashboard-Latest-BTC-Spot-ETF-Daily-Data-and-Charts-of-Inflow-and-Outflow\" class=\"wp-image-244221\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-ETF-Dashboard-Latest-BTC-Spot-ETF-Daily-Data-and-Charts-of-Inflow-and-Outflow-1024x397.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-ETF-Dashboard-Latest-BTC-Spot-ETF-Daily-Data-and-Charts-of-Inflow-and-Outflow-300x116.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-ETF-Dashboard-Latest-BTC-Spot-ETF-Daily-Data-and-Charts-of-Inflow-and-Outflow-768x297.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-ETF-Dashboard-Latest-BTC-Spot-ETF-Daily-Data-and-Charts-of-Inflow-and-Outflow-1536x595.jpg 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-ETF-Dashboard-Latest-BTC-Spot-ETF-Daily-Data-and-Charts-of-Inflow-and-Outflow.jpg 1567w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Since <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">approval in January<\/a>, U.S. spot bitcoin ETFs have attracted $24.18 billion. Their combined <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> has reached $72.46 billion.<\/p>\n<p>Bloomberg ETF analyst Eric Balchunas noted that ETF issuers have accumulated 995,663 BTC. He predicts that their reserves are likely to exceed 1.1 million BTC, attributed to cryptocurrency creator Satoshi Nakamoto, by the end of November.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Ok we gonna need to move up our predictions as yest alone the btc ETFs gobbled up over 12k coins like Pac-Man on a bender, now hold 996k btc- good chance to pass 1 million today (as the ridic volume yest likely to translate to big flows tonight). Legit shot to get to Satoshi by\u2026 <a href=\"https:\/\/t.co\/Ua9GzhsBwE\">https:\/\/t.co\/Ua9GzhsBwE<\/a> <a href=\"https:\/\/t.co\/84bBprhi6I\">pic.twitter.com\/84bBprhi6I<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1851586565530689720?ref_src=twsrc%5Etfw\">October 30, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Lucas believes that capital inflows into ETFs are likely to increase before the presidential election on November 5. She linked this to investors&#8217; desire to &#8220;hedge against potential economic and political shifts.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis period may bring increased volatility as markets react to poll data, political statements, and debates about the regulatory landscape for digital assets,\u201d she suggested.<\/p>\n<\/blockquote>\n<p>Market participants in bitcoin options have prepared for a &#8220;bullish&#8221; scenario following the election and the <span data-descr=\"Federal Reserve System\" class=\"old_tooltip\">Fed<\/span> meeting, increasing <span data-descr=\"open interest\" class=\"old_tooltip\">OI<\/span> on November calls with strike prices above $80,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 30, BlackRock&#8217;s spot bitcoin ETF, iShares Bitcoin Trust, recorded a net inflow exceeding $872 million, surpassing the March peak of $849 million. Data: SoSoValue. \u201cThe surge in inflows is driven by several key factors, including the global shift of central banks towards lowering interest rates, which has increased liquidity and made capital more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,569],"class_list":["post-18222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-etf"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18222"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18221"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}