BlackRock logo is seen at its global headquarters in New York City. Source: Tada Images - stock.adobe.com

Key Takeaways:

BlackRock’s spot Bitcoin ETF saw a record-breaking $1.1 billion in single-day inflows on Nov. 7, marking its largest influx since launching in January.
Bitcoin’s price surged to $76,943, nearing the $77,000 threshold, as enthusiasm for spot Bitcoin ETFs intensified.
BlackRock’s ETF accounted for 82% of the day’s inflows among U.S.-listed spot Bitcoin ETFs, with Fidelity and ARK 21Shares following.

BlackRock’s spot Bitcoin ETF (IBIT) experienced an unprecedented surge on November 7, with over $1 billion in inflows, marking a record since the ETF’s launch in January.

This massive inflow occurred as Bitcoin’s price soared close to $77,000, highlighting increasing investor interest in Bitcoin.

Good morning,

Yesterday's Bitcoin ETF inflows have reached a new high with $1,373.8 million of inflows.

Blackrock did $1,119.9 million and Fidelity $190.9 million.

Price went from $75k to $76.5k now, sitting back at $75.7k. As I mentioned yesterday those flows from Blackrock… pic.twitter.com/wESL0v8K5B
— WhalePanda (@WhalePanda) November 8, 2024

IBIT’s $1.1 billion inflows represented about 82% of total inflows among U.S.-listed spot Bitcoin ETFs, which collectively saw $1.34 billion on that day.

Fidelity’s Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF followed IBIT with inflows of $190.9 million and $17.6 million, respectively.

🔸JUST IN: BlackRock bought $1.12 BILLION #Bitcoin for its ETF yesterday.

More than the previous record inflow for ALL Bitcoin ETFs in a single day. 😱 pic.twitter.com/xVwQHyJpRV
— Bitcoin Archive (@BTC_Archive) November 8, 2024

This surge in investment reflects growing enthusiasm around Bitcoin ETFs, with traders anticipating further inflows.

BlackRock, the world’s largest asset manager, has reinforced its leadership in the Bitcoin ETF market, driven by the broader rally in Bitcoin’s value and rising institutional interest in crypto assets.