{"id":31666,"date":"2024-10-30T17:00:18","date_gmt":"2024-10-30T14:00:18","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31666"},"modified":"2024-10-30T14:25:01","modified_gmt":"2024-10-30T11:25:01","slug":"blackrocks-ibit-stands-out-spot-bitcoin-etfs-hit-870-million-daily-flows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blackrocks-ibit-stands-out-spot-bitcoin-etfs-hit-870-million-daily-flows\/","title":{"rendered":"BlackRock\u2019s IBIT Stands Out: Spot Bitcoin ETFs Hit $870 Million Daily Flows"},"content":{"rendered":"

Spot Bitcoin ETF<\/strong>s in the U.S. have been in the spotlight, recording the largest daily net inflows in months, with an increase of $870 million. The major driver of this huge inflow was the $642.87 million inflow into BlackRock\u2019s spot bitcoin ETF IBIT, the highest daily net inflow into the ETF in the past seven months. With this strong inflow, IBIT\u2019s daily trading volume reached $3.36 billion, a level last seen on March 14.<\/p>\n

A total of 12 spot bitcoin ETFs saw significant increases in trading volume, rising from $3 billion on Monday to $4.75 billion. Fidelity\u2019s FBTC ETF saw net inflows of $133.86 million, while Bitwise\u2019s BITB ETF saw $52.49 million, and VanEck\u2019s HODL ETF saw $16.52 million. The ARKB ETF also saw a $12.39 million increase, while the other five ETFs saw no inflows.<\/p>\n

Might interest you: What is BabyDoge?<\/a><\/em><\/p>\n

Bloomberg ETF senior analyst Eric Balchunas said on social media platform X that he found IBIT\u2019s large trading volume \u201ca bit unusual.\u201d Balchunas, who noted that ETF trading volumes generally increase during market declines or crises, called the volume increase \u201ca FOMO (fear of missing out) frenzy.\u201d \u201cConsidering the price rally in Bitcoin over the last few days, I think this is due to a desire to seize an opportunity. We could see large inflows continue this week,\u201d he added.<\/p>\n

\n

You can join our Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Spot Bitcoin ETFs in the U.S. have been in the spotlight, recording the largest daily net inflows in months, with an increase of $870 million. The major driver of this huge inflow was the $642.87 million inflow into BlackRock\u2019s spot bitcoin ETF IBIT, the highest daily net inflow into the ETF in the past seven<\/p>\n","protected":false},"author":6,"featured_media":31578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,534,9192,3497],"class_list":["post-31666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-etf","tag-blakrock-bitcoin-etf","tag-btc-etf"],"yoast_head":"\nBlackRock\u2019s IBIT Stands Out: Spot Bitcoin ETFs Hit $870 Million Daily Flows - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/blackrocks-ibit-stands-out-spot-bitcoin-etfs-hit-870-million-daily-flows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock\u2019s IBIT Stands Out: Spot Bitcoin ETFs Hit $870 Million Daily Flows - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Spot Bitcoin ETFs in the U.S. have been in the spotlight, recording the largest daily net inflows in months, with an increase of $870 million. 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