{"id":31717,"date":"2024-10-31T15:30:43","date_gmt":"2024-10-31T12:30:43","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31717"},"modified":"2024-10-31T13:03:36","modified_gmt":"2024-10-31T10:03:36","slug":"blackrocks-bitcoin-etf-sees-record-872-million-inflows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blackrocks-bitcoin-etf-sees-record-872-million-inflows\/","title":{"rendered":"BlackRock&#8217;s Bitcoin ETF Sees Record $872 Million Inflows"},"content":{"rendered":"<p><strong>BlackRock<\/strong>&#8216;s iShares <a href=\"https:\/\/coinengineer.net\/blog\/?s=bitcoin\"><strong>Bitcoin<\/strong><\/a> Trust recorded a record net inflow of $872 million on October 30, 2024. This marks the highest daily inflow since the fund&#8217;s launch in January, surpassing the previous record from March.<\/p>\n<p>BTCMarkets analyst Rachael Lucas noted that this increase is influenced by central banks&#8217; global shift towards lowering interest rates, making capital more accessible for investors. Additionally, the anticipation of a pro-crypto <strong>Trump<\/strong> victory in the upcoming U.S. presidential election may have contributed to this trend.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/could-a-trump-victory-energize-the-crypto-markets\/\">Could a Trump Victory Energize the Crypto Markets?<\/a><\/em><\/p>\n<p>U.S. spot <strong>Bitcoin<\/strong> ETFs reported a total net inflow of $893.21 million, with only Bitwise&#8217;s BITB experiencing outflows, while other ETFs saw modest net inflows. Wednesday&#8217;s net inflows brought the total to $24.18 billion.<\/p>\n<p>Ahead of the elections, increased inflows into <strong>BTC<\/strong> ETFs are expected. <strong>Bitcoin<\/strong> fell 0.28% in the last 24 hours, dropping to $72,300.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.bitcoinsistemi.com\/wp-content\/uploads\/2022\/02\/blackrock-bitcoin.jpg.webp\" alt=\"blackrock\" \/><\/p>\n<h2>Surpassing Satoshi Nakamoto<\/h2>\n<p>Bloomberg Senior ETF Analyst Eric Balchunas noted that significant inflows into BlackRock&#8217;s IBIT fund have pushed the amount of <strong>Bitcoin<\/strong> held by U.S. spot ETFs over the 1 million mark. He predicted that by the end of November, spot <strong>Bitcoin<\/strong> ETFs could become the largest holders of <strong><a href=\"https:\/\/coinengineer.net\/blog\/?s=bitcoin\">Bitcoin<\/a><\/strong> globally, surpassing the approximately 1.1 million <strong>BTC<\/strong> held by Satoshi Nakamoto.<\/p>\n<p>He also emphasized that while spot <strong>Bitcoin<\/strong> ETF purchases initially came mostly from retail investors, they are increasingly becoming institutional, with institutional shares likely reaching 40% within a year.<\/p>\n<p><em>You can join our <strong><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8216;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&#8217;s launch in January, surpassing the previous record from March. BTCMarkets analyst Rachael Lucas noted that this increase is influenced by central banks&#8217; global shift towards lowering interest rates, making capital<\/p>\n","protected":false},"author":28,"featured_media":31718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10,657,1,2],"tags":[534,535,297,3567,1547],"class_list":["post-31717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-economy-news","category-en","category-genel","category-news","tag-bitcoin-etf","tag-blackrock","tag-etf","tag-spot-bitcoin","tag-spot-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BlackRock&#039;s Bitcoin ETF Sees Record $872 Million Inflows - 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-bitcoin-etf-sees-record-872-million-inflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock&#039;s Bitcoin ETF Sees Record $872 Million Inflows - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"BlackRock&#8216;s iShares Bitcoin Trust recorded a record net inflow of $872 million on October 30, 2024. 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