As a seasoned crypto investor with over a decade of experience navigating the volatile digital asset market, this recent surge in inflows into BlackRock’s spot Bitcoin ETF has my attention. I remember when we were all speculating about whether Bitcoin would ever break the $10,000 mark, and now we’re talking about billion-dollar inflows. It’s fascinating to see how far we’ve come.
On a significant day, BlackRock, the world’s leading asset manager, saw the highest single-day investment in its Bitcoin-focused exchange-traded fund (ETF), which was introduced at the start of this year.
As a crypto investor, I’m thrilled to share that on October 30th, BlackRock’s spot Bitcoin ETF (IBIT) saw an impressive $875 million pour in, as per the data from CoinGlass. This is the largest single-day inflow for IBIT since its launch back on January 11th.
The latest inflow amount exceeds the highest IBIT record of $849 million, which was set on March 12, according to data from Farside.
Traders are speculating that a billion-dollar inflow day could be imminent.
Trading Axe, the crypto trader, clarified to their 70,300 followers that when they mentioned ‘billion dollar inflows’, they were not joking.
In simpler terms, crypto trader Cozy The Caller expressed confidence to their 164,100 followers that if a new all-time high (ATH) is reached, the price will surpass $1 billion.
This is a developing story, and further information will be added as it becomes available.
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2024-10-31 05:55