The BlackRock Bitcoin ETF (IBIT) has achieved remarkable success, consistently setting new records in daily inflows. On Thursday, it hit its largest single-day inflow of over $1 billion, pushing total inflows to surpass $27 billion since its inception in January 2024.
This substantial growth positions the BlackRock Bitcoin ETF as one of the most successful ETF launches of the year. The influx of capital coincides with a recent rate cut by the Federal Reserve, emphasizing investor confidence in Bitcoin-related investment vehicles.
The notable milestone underscores the increasing popularity of cryptocurrency ETFs, as traditional financial institutions like BlackRock tap into the crypto market. With the ETF's consistent performance, stakeholders are closely monitoring how it may influence Bitcoin adoption among mainstream investors.
