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November 8, 2024

$1 Billion in 24 Hours: BlackRock’s Bitcoin ETF Breaks Records

In an extraordinary demonstration of demand for Spot Bitcoin ETFs, U.S. funds saw a record daily net inflow of $1.38 billion as Bitcoin itself hit new all-time highs. BlackRock’s IBIT fund dominated the inflows, attracting a record $1.12 billion of the total, reflecting the hype of recent events and a growing appetite for regulated BTC exposure among traditional investors.

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