BlackRock’s Bitcoin ETF Breaks Records, Dominates U.S. ETF Flows

BlackRock’s iShares Bitcoin Trust (IBIT) experienced a record surge in one-day inflows, reaching $877.18 million and becoming the top-performing ETF for the day. This unprecedented feat pushed IBIT to the forefront of U.S. ETF flow rankings, surpassing major funds like the Vanguard S&P 500 ETF (VOO) which usually holds the lead. This rise aligns with growing interest in crypto-based investments as firms increasingly seek opportunities within the market.