- BlackRock’s IBIT spot Bitcoin ETF saw record inflows, marking strong investor interest.
- Bitcoin ETF’s demand indicated that its assets would surpass Satoshi Nakamoto’s holdings, signaling institutional confidence.
Discover Bitcoin since its debut [BTC] Exchange-Traded Funds (ETFs) have attracted widespread interest, although the success of the providers varies.
While BlackRock’s IBIT has seen impressive inflows of more than $25 billion since its launch on January 11, Grayscale’s GBTC, by contrast, recorded significant total outflows of $20 billion.
Blackrock’s Bitcoin ETF Breaks Record
BlackRock’s spot BTC ETF (IBIT) hit a major milestone, recording the largest single-day inflow since January.
Data from Farside Investors revealed that IBIT raised $875 million on October 30, amid a rally in the crypto market. IBIT has now surpassed its previous record inflow of $849 million set on March 12.
This recent increase marked the thirteenth consecutive day of inflows at IBIT. IBIT collected approximately $4.08 billion during this period.
On the other hand Ethereum ETFs faced challenges, with inflows of just $4.4 million on the same day and BlackRock’s ETHA notching any new investments in the same period.
How Have Bitcoin ETFs Helped Bitcoin?
Speculation among traders suggests that billions of dollars of inflows may be in the offing, underscoring growing market confidence in BlackRock’s Bitcoin ETF as investor demand continues to rise.
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This coincided with Bitcoin recently rising to an impressive $72,247.96, reflecting a strong weekly increase of 7.3%.
However, according to CoinMarketCapAccording to BTC’s latest update, BTC has seen a small decline of 0.17% in the past 24 hours.
The recent surge in inflows into BTC ETFs highlights that institutional and retail investors are increasingly investing in Bitcoin through these funds, indicating greater market confidence and demand for BTC.
This trend points to a positive outlook for Bitcoin. Many speculate that continued inflows could further support upward price momentum.
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Source: Ecoinometry/X
Will Blackrock’s Bitcoin ETF Surpass Satoshi’s Holds?
With inflows soaring, speculation is growing that US spot Bitcoin ETFs could surpass Satoshi Nakamoto’s BTC holdings.
Bloomberg’s Senior ETF Analyst, Eric Balchunas, acknowledged this possibility, emphasizing that ETF inflows are key to Bitcoin’s growing institutional traction.
As more investors buy into these funds, BTC ownership could change significantly. ETF investments could surpass those of Bitcoin’s mysterious creator.
Source: Eric Balchunas/X