BlackRock fund powers US Bitcoin ETFs to a record daily inflow
Fri, Nov 8, 2024 3:28 PM

BlackRock fund powers US Bitcoin ETFs to a record daily inflow

A Flip by Shubhangi Gupta
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US ETFs investing in Bitcoin posted a record daily net inflow of $1.38 bn, bolstered by President-elect Donald Trump’s embrace of the digital-asset industry and promise of supportive regulations. BlackRock Inc.’s iShares Bitcoin Trust accounted for about 81% of Thursday’s deluge, which came a day after the ETF’s trading volume jumped to an all-time peak, according to data compiled by Bloomberg.

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