Published on March 06, 2024 10:32 GMT+00:00edited on March 06, 2024 10:34 GMT+00:00

BlackRock’s IBIT spot bitcoin exchange-traded fund hit record daily inflows of $788.3 million on Tuesday as bitcoin reached a new all-time high above $69,000 for the first time since November 2021.

IBIT’s inflows yesterday were 30% higher than its previous $603.9 million record set on Feb. 29, eclipsing the $562.7 million total net inflows registered on Monday for all U.S. spot bitcoin ETFs combined, according to BitMEX Research data.

Net inflows for all the spot bitcoin ETFs reached $648.4 million on Tuesday — the highest since Feb. 28 and the third-largest since launch. That came despite $332.5 million in outflows from Grayscale’s converted GBTC fund yesterday, adding to its total outflows of $9.6 billion.

“GBTC has seen almost $10 billion in outflows yet has the same amount of …