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Billion-Dollar Investment in Bitcoin: BlackRock Bitcoin ETF Makes History
Billion-Dollar Investment in Bitcoin: BlackRock Bitcoin ETF Makes History

08.11.2024 10:11

Global asset manager BlackRock's Bitcoin ETF made history on November 7 with a record inflow of $1.1 billion. This achievement occurred during a period when Bitcoin reached new highs, further increasing investor interest.

BlackRock's spot Bitcoin ETF is making headlines in the financial world with a new record. On November 7, it recorded a massive inflow of $1.1 billion in a single day, creating significant movement in the markets. This development coincided with Bitcoin reaching a peak value of $76,943.

Financial Giant BlackRock Takes the Lead in the Crypto World

BlackRock, one of the leading institutional investors in the cryptocurrency markets, has achieved a groundbreaking success with its spot Bitcoin ETF. The fund, which has attracted intense interest from investors since January, showcased an unprecedented performance on November 7, managing to draw in $1.1 billion in investments on a daily basis.

This record-level influx of investments coincided with the day Bitcoin hit its historical peak at $76,943. BlackRock's impressive performance stood out as it alone captured 82% of the total inflows among the other 11 spot Bitcoin ETFs traded in the U.S. markets.

Among other significant players in the market, Fidelity Wise Origin Bitcoin Fund ranked second with an inflow of $190.9 million, while ARK 21Shares Bitcoin ETF positioned itself in third place with an investment of $17.6 million.

Experienced ETF analyst Eric Balchunas stated that the intense interest even surprised him. This dazzling performance reached the same level as the $1.1 billion trading volume recorded in the first 20 minutes after Donald Trump's election victory.


 
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