BlackRock IBIT Dominates Spot Bitcoin ETF Inflows, US Holdings Surpass 1 Million BTC

The spot Bitcoin ETFs continue to hit new milestones every passing day as they surpass 1 million BTC holdings within just 10 days of launch.

Spot Bitcoin ETFs have been hitting new milestones with each passing day, surpassing 1 million BTC holdings within just 10 days of launch. Among these ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) has played a pivotal role, delivering strong performance and attracting the majority of inflows over the past few weeks.

On Wednesday, October 30, the spot Bitcoin ETF inflows reached an impressive $893 million, marking the second-highest daily inflow since these ETFs were launched in January 2024. Notably, BlackRock’s IBIT alone saw more than $870 million in inflows on Tuesday, bringing its total inflows to over $25.5 billion since inception. This was also the biggest-ever daily inflow for IBIT.

As a result of these developments, the total number of Bitcoins held across all nine US spot ETFs surged past the 1 million milestone.

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