Crypto Mania Drives Record $520 Million Into BlackRock Bitcoin ETF in a Single Day
- Fund rakes in cash and sees 32 straight days of inflows
- Bitcoin’s price run-up will ‘further inspire’ ETF sales: JPM
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Add this eye-popping statistic to the list of superlatives driving crypto’s latest boom cycle: A record $520 million stampeded into BlackRock Inc.’s Bitcoin ETF in a single day.
The iShares Bitcoin Trust (ticker IBIT) saw its biggest one-session haul Tuesday, marking the largest daily inflow so far among the batch of new US exchange-traded funds investing directly in the world’s biggest cryptocurrency. It was also the second-largest daily intake for any US ETF across all asset classes, data compiled by Bloomberg show. And the trading mania continued into Wednesday.