BlackRock’s iShares Bitcoin Trust (IBIT) has set a new benchmark with over $1.1 billion in net inflows recorded on Thursday, marking the highest single-day inflows for the fund.

This surge comes on the heels of a broader trend, as the 12 U.S. spot Bitcoin ETFs collectively reported total daily net inflows of $1.38 billion—also a record since their inception in January.

The unprecedented interest in IBIT follows a significant spike in trading activity, with the spot Bitcoin ETF achieving a single-day trade volume exceeding $4 billion. Analysts attribute this influx of capital to various factors, including a rally in Bitcoin prices, institutional trust, and favorable market conditions.

Rachael Lucas, a crypto analyst at BTCMarkets, noted that investor sentiment has been buoyed by these market dynamics, alongside anticipation of favorable U.S. regulations following Donald Trump’s recent election victory.

Trump's win has reportedly galvanized both equity and crypto markets, contributing to Bitcoin's rise, which has led to an all-time high price. Additionally, the Federal Open Market Committee's announcement of a 25-basis-point interest rate cut has further incentivized institutional investments in crypto assets.

Jeff Mei, COO at BTSE, highlighted that the combination of the election outcome and monetary policy adjustments has encouraged institutions to enter the crypto market.

Other Bitcoin funds have also experienced inflows. Fidelity’s FBTC reported $190.92 million, while Grayscale’s mini trust added $20.38 million in net inflows.

Moreover, spot Ether ETFs have seen increased trading activity, with net inflows of $79.74 million and a trade volume reaching $466.39 million on the same day, surpassing typical daily volumes.