BlackRock’s IBIT spot bitcoin ETF hits record daily inflow of $520 million | Headlines | News | CoinMarketCap

02/28/2024 18:06
BlackRock’s IBIT spot bitcoin ETF hits record daily inflow of $520 million | Headlines | News | CoinMarketCap

BlackRock’s IBIT spot bitcoin exchange-traded fund hit record daily inflows of $520.2 million on Tuesday amid an ongoing surge in the price of …

BlackRock’s IBIT spot bitcoin exchange-traded fund hit record daily inflows of $520.2 million on Tuesday amid an ongoing surge in the price of bitcoin.

IBIT’s inflows yesterday were 5% higher than the previous $493.1 million record set on Feb. 13, eclipsing the $519.8 million total net inflows registered on Monday for all U.S. spot bitcoin ETFs combined, according to BitMEX Research data.

On Monday, BlackRock’s usually dominant ETF had slipped to third place by inflows, registering just $111.8 million. Fidelity’s FBTC led Monday’s inflows, adding $243.3 million, with Ark Invest 21 Shares’ ARKB in second place, generating $130.6 million.

However, in what became something of a super Tuesday for BlackRock’s bitcoin fund, it reasserted its inflow dominance, with Fidelity’s FBTC some way …

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