fbpx
  • Price Tracker
  • Guest Post
  • Advertising & Partnership
  • Press Release
  • Editorial Policy
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture Logo
No Result
View All Result

Home » Record Inflows for BlackRock’s Bitcoin ETF Amidst Crypto Market Surge

Record Inflows for BlackRock’s Bitcoin ETF Amidst Crypto Market Surge

Tani La by Tani La
November 1, 2024
in Markets
Record Inflows for BlackRock's Bitcoin ETF Amidst Crypto Market Surge
Share on FacebookShare on Twitter

BlackRock’s spot Bitcoin ETF has experienced a record-breaking day of inflows, fueled by a crypto market rally. Data from CoinGlass shows that on October 30, the ETF, known as IBIT, saw inflows reach $875 million—its highest single-day total since launching on January 11.

You might also like

Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

Trump Declares Victory – What will the US Crypto be?

Bitcoin Breaks Past $72,000 with Major Liquidations, Analysts Predict Further Gains

IBIT has now seen inflows for 13 consecutive days, accumulating roughly $4.08 billion. This latest record surpassed IBIT’s previous peak of $849 million from March 12, with some traders speculating that a billion-dollar inflow day could be on the horizon. Crypto trader Trading Axe, sharing with their 70,300 followers on social media platform X, reiterated their prediction, while trader Cozy The Caller suggested inflows could exceed $1 billion if Bitcoin breaks its all-time high.

Total inflows across all the US spot Bitcoin ETFs on Oct. 30 was $896.30 million. Source: CoinGlass

Among the U.S.-listed spot Bitcoin ETFs, BlackRock’s IBIT led significantly, with combined inflows for the other ten ETFs totaling just $21.3 million. The Fidelity Wise Origin Bitcoin Fund (FBTC) took second place with $12.6 million, while the Bitwise Bitcoin ETF (BITB) saw outflows of $23.9 million.

As of now, Bitcoin is trading at $72,410, only 1.7% below its record high of $73,679. Analysts are keeping a close eye on the upcoming U.S. presidential election on November 5, with some, like Swyftx’s lead analyst Pav Hundal, suggesting a Trump victory could give Bitcoin a boost.

Additionally, IBIT’s trading volume reached $3.35 billion on October 29, its highest since April, a trend that Bloomberg ETF analyst Eric Balchunas attributed to FOMO among investors. 

In the near future, U.S. spot Bitcoin ETFs may collectively hold 1 million Bitcoin, as demand continues to surge.

Tags: BitcoinFeature
Tani La

Tani La

Tani La, a skilled author at coinculture.com, provides expert insights on cryptocurrency and blockchain, making complex topics accessible to all readers. She is holding BTC, ADA, NEAR and some small-cap altcoins in her portfolio.

Recommended For You

Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

by Tani La
November 8, 2024
0
Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

Solana (SOL) has reached a significant new milestone by overtaking Binance Coin (BNB) to become the fourth-largest cryptocurrency by market capitalization. This achievement comes as the overall cryptocurrency...

Read more

Trump Declares Victory – What will the US Crypto be?

by Daniel Cohen
November 6, 2024
0
Trump Declares Victory - What will the US Crypto be?

With Donald Trump projected to win the November 5 presidential election, many in the U.S. crypto community are hopeful about increased regulatory clarity and support for the industry....

Read more

Bitcoin Breaks Past $72,000 with Major Liquidations, Analysts Predict Further Gains

by Tani La
October 31, 2024
0
Bitcoin Breaks Past $72,000 with Major Liquidations, Analysts Predict Further Gains

Bitcoin (BTC) has surged beyond $72,000, approaching its all-time highs, with over $265 million in liquidations occurring along the way, primarily affecting BTC short positions, according to Coinglass,...

Read more

Grayscale Seeks SEC Approval to Convert $520M Crypto Fund into ETF Amid Investor Sell-Offs

by Tani La
October 16, 2024
0
Grayscale Seeks SEC Approval to Convert $520M Crypto Fund into ETF Amid Investor Sell-Offs

Crypto asset manager Grayscale has filed with the U.S. Securities and Exchange Commission (SEC) to convert its $520 million Digital Large Cap Fund, which tracks multiple cryptocurrencies, into...

Read more

Monochrome Asset Management to Launch Australia’s first Spot Ethereum ETF

by Tani La
October 16, 2024
0
Monochrome Asset Management to Launch Australia’s first Spot Ethereum ETF

Monochrome Asset Management is set to introduce Australia’s first spot Ethereum exchange-traded fund (ETF) on the Cboe exchange, following the approval of Ethereum ETFs in the U.S. market. ...

Read more
Next Post
Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

Most popular

  • Why Brands Should Adopt A ‘Hybrid DAO’ Model

    Why Brands Should Adopt A ‘Hybrid DAO’ Model

    184 shares
    Share 74 Tweet 46
  • Kucoin Review 2024: Features, Fees & More

    155 shares
    Share 62 Tweet 39
  • Coinbase vs Binance: A Side-By-Side Comparison 2023

    270 shares
    Share 108 Tweet 68
  • 20 Best Crypto Copy Trading Platforms: A Curated List 2024

    671 shares
    Share 268 Tweet 168
  • 11 Best Crypto Debit Cards In Australia: A Curated List 2024

    428 shares
    Share 171 Tweet 107

Recommended

Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push

Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push

November 9, 2024
Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

November 8, 2024
Trump Declares Victory - What will the US Crypto be?

Trump Declares Victory – What will the US Crypto be?

November 6, 2024
Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

November 5, 2024
coin culture logo

Your Australian news source for all things cryptocurrency. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing.

Hot Topics

  • DeFi
  • NFT
  • Gaming

Top articles

CoinSpot Review
Swyftx Review
Best Crypto Exchanges Australia
CoinSpot vs Swyftx

BROWSE BY TAG

Altcoin News Bitcoin CoinSpot Cryptocurrencies Crypto Exchange Crypto Tax DeFi Dogecoin Dogecoin News ETF Ethereum Feature FED FTX Games hacks Layer2 Markets meme Metaverse Mining NFT Opinion People Policy and Regulation Polygon SEC Security Solana News Stablecoins Tech Top Crypto News Australia | CoinCulture Trading US web3 XRP News

RECENT POSTS

  • Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push
  • Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency
  • Trump Declares Victory – What will the US Crypto be?

© 2023 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.
  • bitcoinBitcoin(BTC)$107,709.00-1.19%
    BITCOIN
    24H : -1.19%
    Volume : $32,323,232,295.00
    Marketcap : $2,140,095,127,359.00
  • ethereumEthereum(ETH)$2,728.853.31%
    ETHEREUM
    24H : 3.31%
    Volume : $25,993,980,812.00
    Marketcap : $329,384,606,338.00
  • tetherTether(USDT)$1.000-0.01%
    TETHER
    24H : -0.01%
    Volume : $56,979,550,198.00
    Marketcap : $152,946,015,436.00
  • rippleXRP(XRP)$2.29-0.95%
    XRP
    24H : -0.95%
    Volume : $2,324,736,083.00
    Marketcap : $134,150,943,139.00
  • binancecoinBNB(BNB)$682.61-0.15%
    BNB
    24H : -0.15%
    Volume : $714,970,224.00
    Marketcap : $99,648,557,630.00
  • solanaSolana(SOL)$172.21-1.55%
    SOLANA
    24H : -1.55%
    Volume : $4,146,905,235.00
    Marketcap : $89,632,308,658.00
  • usd-coinUSDC(USDC)$1.0000.00%
    USDC
    24H : 0.00%
    Volume : $10,286,939,305.00
    Marketcap : $61,227,413,838.00
  • dogecoinDogecoin(DOGE)$0.2250.400%
    DOGECOIN
    24H : 0.400%
    Volume : $1,499,198,550.00
    Marketcap : $33,653,600,651.00
  • cardanoCardano(ADA)$0.752-0.24%
    CARDANO
    24H : -0.24%
    Volume : $643,487,278.00
    Marketcap : $27,109,875,078.00
  • tronTRON(TRX)$0.274-0.79%
    TRON
    24H : -0.79%
    Volume : $538,326,766.00
    Marketcap : $26,024,308,131.00

Add New Playlist

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki

© 2023 CoinCulture. All rights reserved.