BlackRock’s IBIT reported $287.4M inflows, which is the largest single day since October
The total US Bitcoin ETF saw its biggest influx since mid-November.
The portfolio rebalancing and geopolitical turmoil contributed to increased institutional demand for crypto.
Institutional demand for Bitcoin strengthened sharply on Friday as BlackRock’s spot Bitcoin ETF recorded its largest single-day inflow in nearly three months, signaling renewed confidence in crypto-linked investment products.
BlackRock’s iShares Bitcoin Trust (IBIT) attracted $287.4 million in inflows, marking its biggest daily haul since Oct. 8, 2024, according to Farside Investors. The surge happened during a time when the price of crypto was on the rise and institutions were reaffirming their interest in digital assets.
Across the market as a whole, U.S. spot Bitcoin ETFs attracted $471.3 million on Friday, which is the largest daily influx since mid-November. This is despite previous withdrawals tha
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