BlackRock’s Bitcoin ETF defies expectations

Bitcoin reaches dizzying new heights, driven by political tailwinds. The arrival of Donald Trump at the White House, now a pro-crypto president, seems to galvanize the sector, and investors are flocking to Bitcoin ETFs. Leading the race, BlackRock is recording record entry volumes, shaking up the market. And this is only the beginning of a movement of funds on an unprecedented scale.

Bitcoin ETF: The incredible success of BlackRock

The numbers speak for themselves: BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has shattered trading records with a massive inflow of $1.1 billion in one day. This amount had never been reached since its implementation in January, a sign of growing enthusiasm.

Several factors explain this success:

• $1.12 billion: Record volume of entries for IBIT in a single day;
• 82% of total US Bitcoin ETF flows come from BlackRock;
• $34.2 billion in net assets for IBIT, bolstered by the rise in Bitcoin.

« We are in a perfect configuration: monetary easing, political stability and dynamism of American data », Comments Pav Hundal, analyst at Swyftx.

This combination is attracting capital on a scale never before seen in ETFs, and the pace shows no signs of slowing. Other funds, although popular, are struggling to follow this movementwith Grayscale seeing net outflows, disadvantaged by its high fees of 1.5%, compared to 0.25% for IBIT.

Bitcoin soars to new heights

The Bitcoin market is booming, and the records keep coming. With a peak exceeding $76,943BTC attracts an army of investors. This movement is fueled by a general enthusiasm, and the IBIT alone captures most of the flows.

IBIT trading volume reached $4 billion on Wednesdaypulverizing the competition. Even Fidelity, although solid with its own ETF, cannot keep up with this frenzy.

Observers are very optimistic for the days to come. “ Expect another crazy day tomorrow “, announced trader The Bitcoin Therapist to his subscribers, while other voices like Rajat Soni and Zia ul Haque speak of an intense month of November for Bitcoin.

This phenomenon shows that Bitcoin ETFs are not just a fad : they are taking on a scale which, according to some experts, could even exceed the creation capacities of BTC. At this rate, a crypto rally of a scale never seen before seems to be looming.

Not long ago, some specialists doubted that Bitcoin ETFs could provide the hoped-for momentum. Faced with record capital inflow figures, the question is now asked: what if the long-awaited boost had finally begun?

Micaiah A.

The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it