Cryptocurrencies
BlackRock’s Bitcoin ETF Gets Record Inflow Ahead of US Election
- Net $872 million poured into the world’s biggest Bitcoin fund
- Largest digital asset is on the verge of setting a record high
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BlackRock Inc.’s Bitcoin fund posted an unprecedented net inflow as speculation over how the US election may play out stirs demand for the largest digital asset.
Some $872 million poured into the iShares Bitcoin Trust exchange-traded fund on Wednesday, a daily record, data compiled by Bloomberg show. Subscriptions for the nine-month-old product in 2024 are among the highest for ETFs globally.