FameEX Hot Topics | Bitcoin Investors Commit $1.1B to BlackRock ETF as BTC Hits New Peak

BlackRock, the world’s largest asset manager, witnessed record-breaking inflows into its Bitcoin exchange-traded fund (ETF) as Bitcoin surged to new all-time highs. On November 7, BlackRock’s spot Bitcoin ETF (IBIT) reported $1.1 billion in inflows, following two consecutive days of outflows totaling $113.3 million, according to data from Farside.

This spike in inflows coincided with Bitcoin reaching a historic peak of $76,943, as reported by CoinMarketCap. BlackRock’s IBIT fund accounted for nearly 82% of the total $1.34 billion recorded across all 11 U.S.-listed spot Bitcoin ETFs. Following BlackRock’s lead, Fidelity’s Wise Origin Bitcoin Fund saw the second-largest inflow at $190.9 million, while the ARK 21Shares Bitcoin ETF (ARKB) collected $17.6 million.

Market sentiment remains optimistic, with many traders and analysts anticipating further significant inflows. Crypto trader The Bitcoin Therapist, with 141,400 followers on X, tweeted, “Expect another massive day tomorrow.” Financial analyst Rajat Soni also fueled enthusiasm by telling his 100,400 followers to “buckle up,” while crypto commentator Zia ul Haque declared the beginning of “PumpVember.”

Bloomberg ETF analyst Eric Balchunas noted his surprise at the magnitude of the inflows, despite having anticipated strong numbers based on the previous day’s trading volume. “Told y’all it was prob gonna be big, altho even I am surprised it’s that big, by far biggest one day flow of any BTC ETF ever,” Balchunas posted on X. He highlighted that on November 6, the IBIT ETF saw nearly $1.1 billion in trading volume within the first 20 minutes after the market opened, following Donald Trump’s presidential election victory.

As Bitcoin’s rally continues, traders and analysts closely monitor ETF inflows as an indicator of sustained institutional and retail investor interest. These unprecedented inflows reflect growing optimism about Bitcoin’s price potential and increased confidence among investors, particularly in the wake of strong support from major asset managers like BlackRock.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.