BlackRock's spot Bitcoin ETF, IBIT, set a record on Oct. 30, with the largest single-day inflow of $875 million since its inception in January. This record inflow surpassed the previous high of $849 million set by IBIT in March and marked the 13th consecutive day of positive flows for the fund.

Over this remarkable run, the fund has raked in roughly $4.08 billion of new investments, as institutional appetite for Bitcoin exposure via traditional financial instruments continues growing.

Market sentiment is bullish as Bitcoin (BTC) trades at $72,298, near its March high of $73,679. For analysts, attention has shifted to the U.S. presidential election, scheduled for Nov. 5, as the catalyst Bitcoin needs to break out higher.

Meanwhile, BlackRock dominated its competitors by far. Altogether, the other 10 U.S.-listed spot Bitcoin ETFs raked in just $21.3 million. Fidelity's Wise Origin Bitcoin Fund, FBTC, came in second with $12.6 million in inflows. Bitwise's Bitcoin ETF saw outflows of $23.9 million.

Trading has picked up, too, with the ETF's daily trading volume topping $3.35 billion on Oct. 29, its highest since April 1, according to Bloomberg. Bloomberg ETF analyst Eric Balchunas stated that the surge in inflows is due to the fear of missing out (FOMO) among investors.