BlackRock's BTCSpot ETF 'IBIT' is the largest BTCSpot ETF in the United States in terms of net assets. The ETF saw a net inflow of over 872 million USD on Wednesday, reaching a new daily record. Bloomberg analysts estimate that the continued inflow of IBIT could push the total assets of all BTCSpot ETFs in the United States over 1 million units, surpassing Satoshi Nakamoto by the end of November to become the largest BTC holder globally. According to SoSoValue data, the largest BTCSpot ETF in the United States, BlackRock's IBIT, saw a net inflow of over 872 million USD on Wednesday, the largest net inflow since its launch in January, surpassing the historical high set on March 12. BTCMarkets cryptocurrency analyst Rachael Lucas stated that the recent surge in IBIT inflows is being driven by several key factors, including global central banks turning to rate cuts to boost liquidity, making it easier for investors to access funds. In addition, with the U.S. presidential election, the increasing probability of the pro-cryptocurrency U.S. Republican presidential candidate Trump's victory could further drive the surge. Overall, U.S. BTCSpot ETFs saw a net inflow of 8.9321 billion USD on Wednesday, the second highest in history. Other six SpotBTC ETFs also saw net inflows on Wednesday, with 12.57 million USD flowing into Fidelity's FBTC, while Ark21Shares' ARKB, VanEck's HODL, and Invesco's BTCO saw net inflows below 8 million USD. Bitwise's BITB was the only BTCSpot ETF to see a net outflow that day, with a net outflow of 23.89 million USD. The remaining four BTCSpot ETFs, including Grayscale's GBTC, had no liquidity that day. Wednesday's net inflow brought the cumulative net inflow of U.S. BTCSpot ETFs to 24.18 billion USD, with the volume of 12 BTCSpot ETFs reaching 1.97 billion USD on Wednesday, lower than the previous day's 4.75 billion USD. Rachael Lucas stated that as investors seek potential economic and policy changes for hedging risks on the eve of the U.S. presidential election, BTCSpot ETFs may see increased inflows. This period may have higher volatility as the market reacts to polling data, policy announcements, and debates on digital asset regulation. Will BTC break new highs? Presto Research analyst Min Jung analyzed that in the short term, everyone's focus is on whether BTC can set new historical highs. If BTC can break the resistance level of 73,800 USD, it may trigger an upward trend as those waiting for a breakthrough enter the market. Min Jung believes that the main focus after the U.S. election will be on the upcoming Federal Open Market Committee (FOMC) meeting, scheduled for 6-7 days after the election, and the financial reports of a series of major tech companies. Will the total assets of U.S. BTCSpot ETFs surpass Satoshi Nakamoto? Bloomberg senior ETF analyst Eric Balchunas analyzed that the massive inflow of IBIT could push the total assets of U.S. BTCSpot ETFs over 1 million units, making it the largest BTC holder globally by the end of November, surpassing Satoshi Nakamoto's holding of about 1.1 million BTC. The initial purchases of BTCSpot ETFs were mainly by individual investors, but now it is becoming more institutionalized, with institutional assets possibly accounting for 40% within a year. Related reports: Arthur Hayes's lengthy article: China's 'epic point shaving' will eventually lead hot money to flow into BTC. After BTC broke the 73,000 'new high by only 150 USD,' will the trend reverse or experience a healthy pullback? BTC open interest continues to soar. Historical review: Is BTC repeating past Bull Market cycles? 'BTCSpotETF sees huge inflows! BlackRock IBIT sees a record net inflow of 872 million USD' was first published on BlockTempo, the most influential blockchain news media on BlockTempo.
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BTCSpotETF has a huge amount of money! BlackRock's IBIT has a single-day inflow of $872 million, reaching a new historical high
BlackRock's BTCSpot ETF 'IBIT' is the largest BTCSpot ETF in the United States in terms of net assets. The ETF saw a net inflow of over 872 million USD on Wednesday, reaching a new daily record. Bloomberg analysts estimate that the continued inflow of IBIT could push the total assets of all BTCSpot ETFs in the United States over 1 million units, surpassing Satoshi Nakamoto by the end of November to become the largest BTC holder globally. According to SoSoValue data, the largest BTCSpot ETF in the United States, BlackRock's IBIT, saw a net inflow of over 872 million USD on Wednesday, the largest net inflow since its launch in January, surpassing the historical high set on March 12. BTCMarkets cryptocurrency analyst Rachael Lucas stated that the recent surge in IBIT inflows is being driven by several key factors, including global central banks turning to rate cuts to boost liquidity, making it easier for investors to access funds. In addition, with the U.S. presidential election, the increasing probability of the pro-cryptocurrency U.S. Republican presidential candidate Trump's victory could further drive the surge. Overall, U.S. BTCSpot ETFs saw a net inflow of 8.9321 billion USD on Wednesday, the second highest in history. Other six SpotBTC ETFs also saw net inflows on Wednesday, with 12.57 million USD flowing into Fidelity's FBTC, while Ark21Shares' ARKB, VanEck's HODL, and Invesco's BTCO saw net inflows below 8 million USD. Bitwise's BITB was the only BTCSpot ETF to see a net outflow that day, with a net outflow of 23.89 million USD. The remaining four BTCSpot ETFs, including Grayscale's GBTC, had no liquidity that day. Wednesday's net inflow brought the cumulative net inflow of U.S. BTCSpot ETFs to 24.18 billion USD, with the volume of 12 BTCSpot ETFs reaching 1.97 billion USD on Wednesday, lower than the previous day's 4.75 billion USD. Rachael Lucas stated that as investors seek potential economic and policy changes for hedging risks on the eve of the U.S. presidential election, BTCSpot ETFs may see increased inflows. This period may have higher volatility as the market reacts to polling data, policy announcements, and debates on digital asset regulation. Will BTC break new highs? Presto Research analyst Min Jung analyzed that in the short term, everyone's focus is on whether BTC can set new historical highs. If BTC can break the resistance level of 73,800 USD, it may trigger an upward trend as those waiting for a breakthrough enter the market. Min Jung believes that the main focus after the U.S. election will be on the upcoming Federal Open Market Committee (FOMC) meeting, scheduled for 6-7 days after the election, and the financial reports of a series of major tech companies. Will the total assets of U.S. BTCSpot ETFs surpass Satoshi Nakamoto? Bloomberg senior ETF analyst Eric Balchunas analyzed that the massive inflow of IBIT could push the total assets of U.S. BTCSpot ETFs over 1 million units, making it the largest BTC holder globally by the end of November, surpassing Satoshi Nakamoto's holding of about 1.1 million BTC. The initial purchases of BTCSpot ETFs were mainly by individual investors, but now it is becoming more institutionalized, with institutional assets possibly accounting for 40% within a year. Related reports: Arthur Hayes's lengthy article: China's 'epic point shaving' will eventually lead hot money to flow into BTC. After BTC broke the 73,000 'new high by only 150 USD,' will the trend reverse or experience a healthy pullback? BTC open interest continues to soar. Historical review: Is BTC repeating past Bull Market cycles? 'BTCSpotETF sees huge inflows! BlackRock IBIT sees a record net inflow of 872 million USD' was first published on BlockTempo, the most influential blockchain news media on BlockTempo.