BlackRock's Bitcoin ETF hits record inflow amid crypto market rally

BlackRock’s spot Bitcoin ETF recorded $875 million of inflows on Oct. 30, surpassing its previous record by around 3%.

The world’s largest asset manager, BlackRock, has recorded the biggest inflow day for its spot Bitcoin exchange-traded fund (ETF) since its launch at the beginning of this year.

On Oct. 30, BlackRock’s spot Bitcoin ETF (IBIT) recorded inflows of $875 million, according to CoinGlass data. This marks the highest inflow day for IBIT since its launch on Jan. 11.

The significant inflow figure has surpassed IBIT’s previous high of $849 million set on March 12, as per Farside data.

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