Bitcoin ETFs break record inflows

$1.4B

11/8/24

Inflows to bitcoin ETFs reached $1.37 billion on Thursday, according to data compiled by Farside Investors, the highest volume since they entered the market in January.

The largest chunk of that is BlackRock’s iShares Bitcoin Trust, which reached $1.1 billion in inflows alone on Thursday. It was the first day since the funds’ inception that any bitcoin ETF surpassed $1 billion in inflows in one day.

Bitcoin’s has been on a tear generally since Trump won the 2024 election, hitting new all-time highs as many view the president as favorable to the crypto industry.

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