Yigit Taha OZTURK 
BlackRock‘s iShares Bitcoin Trust recorded a record net inflow of $872 million on October 30, 2024. This marks the highest daily inflow since the fund’s launch in January, surpassing the previous record from March.
BTCMarkets analyst Rachael Lucas noted that this increase is influenced by central banks’ global shift towards lowering interest rates, making capital more accessible for investors. Additionally, the anticipation of a pro-crypto Trump victory in the upcoming U.S. presidential election may have contributed to this trend.
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U.S. spot Bitcoin ETFs reported a total net inflow of $893.21 million, with only Bitwise’s BITB experiencing outflows, while other ETFs saw modest net inflows. Wednesday’s net inflows brought the total to $24.18 billion.
Ahead of the elections, increased inflows into BTC ETFs are expected. Bitcoin fell 0.28% in the last 24 hours, dropping to $72,300.
Surpassing Satoshi Nakamoto
Bloomberg Senior ETF Analyst Eric Balchunas noted that significant inflows into BlackRock’s IBIT fund have pushed the amount of Bitcoin held by U.S. spot ETFs over the 1 million mark. He predicted that by the end of November, spot Bitcoin ETFs could become the largest holders of Bitcoin globally, surpassing the approximately 1.1 million BTC held by Satoshi Nakamoto.
He also emphasized that while spot Bitcoin ETF purchases initially came mostly from retail investors, they are increasingly becoming institutional, with institutional shares likely reaching 40% within a year.
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