Market Reports

Record Inflow into BlackRock’s Bitcoin ETF

By RT Staff Reporters · February 29, 2024 · 2 min read

BlackRock’s iShares Bitcoin Trust (IBIT) set a record by attracting $520 million in a single day, highlighting a growing interest that has pushed Bitcoin’s price higher.

This influx represents the largest daily gain for U.S. ETFs directly investing in Bitcoin.

It also stands as the second-highest daily gain for any U.S. ETF, Bloomberg reports. The trend continued the following day.

As Bitcoin crosses $60,000, nearing record highs, BlackRock’s fund underscores the digital asset’s strong performance this year.

The recent launch of spot-priced ETFs has opened new investment channels, drawing in wealth managers, hedge funds, and retail investors.

Record Inflow into BlackRock's Bitcoin ETF — Record Inflow into BlackRock’s Bitcoin ETF. (Photo Internet reproduction)

“BTC ETFs have significantly influenced the rally,” observed Stephane Ouellette, CEO of FRNT Financial.

He noted that fewer than 20% of investment advisors are currently approved to invest in such products, expecting this to change over time.

Bitcoin’s price has consistently risen, supported by the debut of around 12 crypto ETFs, and is now close to its all-time high of nearly $69,000.

This surge has boosted the broader digital asset market, even causing disruptions on the Coinbase Global exchange.

Bitcoin’s Rise and ETF Impact

Bitcoin has increased more than 45% since the year’s start, outperforming many other assets.

The anticipation and introduction of new funds have been crucial, with JPMorgan strategists suggesting that Bitcoin’s success could lead to more ETF sales.

Amidst Bitcoin’s gains, IBIT, valued at $6.5 billion, has seen continuous capital inflows for 32 days.

Following closely is the Fidelity Wise Origin Bitcoin Fund (FBTC), which has also experienced a steady inflow since its launch, attracting $4.48 billion in net investments.

These inflows highlight the continuous demand for spot Bitcoin ETFs and the appeal of ETFs for trading digital assets.

Wednesday noon, 9 Bitcoin ETFs, excluding Grayscale’s GBTC, had a combined daily trading volume of over $2.6 billion.

IBIT set a new record with $1.5 billion in trades, Bloomberg Intelligence reported..

Jim Bianco of Bianco Research wasn’t surprised by IBIT’s dominance, attributing the flows to retail traders driving up the price.

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Digital assets
Jul 13, 2026 · 03:47

Bitcoin · benchmark

62,789
-1.52%

L 62,592day rangeH 64,252

-47.29% over 12 months

Market breadth · 17 names

12% advancing

2 ▲ advancing15 declining ▼

Currencies, rates & key inputs

Ethereum

1,777

-1.59%

Solana

76.45

-0.55%

Gold

4,067

-0.90%

USD / BRL

5.11

+0.02%

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
BTC	62,789	-1.52%	-47.29%	63,758	64,252	62,592	20,883,478,528
ETH	1,777	-1.59%	-40.23%	1,806	1,838	1,775	8,336,331,264
SOL	76.45	-0.55%	-52.58%	76.87	77.93	75.65	1,547,169,536
XRP	1.08	-0.82%	-62.04%	1.09	1.10	1.07	906,781,376
BNB	568.40	-0.97%	-17.89%	573.95	578.92	567.45	1,020,973,888
ADA	0.16	-1.15%	-78.28%	0.16	0.16	0.16	232,856,880
DOGE	0.07	-0.62%	-63.63%	0.07	0.07	0.07	437,166,496
AVAX	6.50	+1.53%	-69.34%	6.40	6.53	6.40	220,721,456
LINK	7.94	-0.66%	-49.26%	7.99	8.11	7.90	197,889,296
DOT	0.83	-1.45%	-79.13%	0.84	0.85	0.83	68,180,016
LTC	43.79	-0.41%	-53.73%	43.97	44.40	43.46	161,993,968
BCH	236.71	-1.36%	-53.38%	239.96	243.75	235.63	110,712,216
TRX	0.33	-0.47%	+8.85%	0.33	0.33	0.33	425,593,920
XLM	0.18	-1.76%	-61.20%	0.19	0.19	0.18	108,351,344
HBAR	0.07	-0.23%	-72.03%	0.07	0.07	0.07	40,272,312
NEAR	1.89	+0.23%	-25.19%	1.89	1.93	1.86	149,884,576
ATOM	1.54	-1.47%	-67.08%	1.57	1.58	1.54	22,926,012
AAVE	94.22	-2.93%	-69.21%	97.06	97.55	94.22	206,947,264

Largest moves today

AAVE
94.22
-2.93%

XLM
0.18
-1.76%

ETH
1,777
-1.59%

AVAX
6.50
+1.53%

BTC
62,789
-1.52%

ATOM
1.54
-1.47%

DOT
0.83
-1.45%

BCH
236.71
-1.36%

The session read

The Bitcoin eased 1.52%, with breadth negative — 2 of 17 names higher. AVAX led, while AAVE lagged.

From The Rio Times

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