The post Bitcoin ETF Inflows Hit Record $1.37B, Largest Ever appeared first on Coinpedia Fintech News
As the crypto bull run began with Trump’s political win, the institutional support for Bitcoin surged. 11 U.S.-spot Bitcoin ETF recorded the biggest net inflow ever of $1.372 billion. The record has been broken after 167 days and was spearheaded by BlackRock’s IBIT, which witnessed the massive inflow of $1.169 billion yesterday. This is the largest inflow since the launch of the ETFs. In the last three weeks, BlackRock has added 77,649 BTC worth $5.48 billion, raising its BTC holding to 447,281 BTC worth $33.86 billion. BlackRock is holding 2.26% of the total circulating supply of Bitcoin.