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BlackRock’s IBIT ETF Hits $1.12B Single-Day Inflow—A New Benchmark

The BlackRock iShares Bitcoin Trust (IBIT) is pulling in whale-sized attention, capturing its largest single-day inflow since launch. On Thursday, IBIT roped in a solid $1.12 billion, taking down its previous record of $872 million set just last week. So, IBIT’s hunger for big money is getting fed, and the total assets under its belt now swell to $34.2 billion.

Bitcoin ETFs, especially IBIT, are soaking up cash faster than the market can churn. This surge underscores heightened appetite for crypto ETFs that take some of the complexity out of holding actual BTC. And while IBIT’s inflow rate is something to write home about, it’s also a signal—maybe even a wake-up call—that traditional investors are doubling down on crypto.

Bullish Sentiment Drives Bitcoin Frenzy Amid Trump’s Re-election Win

Crypto players are hardly sitting still, and some of this action might trace back to a surprising factor—Donald Trump’s re-election victory. On Wednesday, trading volume for IBIT rocketed up, peaking at a jaw-dropping $4 billion, leaving its nearest competitor, Fidelity’s FBTC, in the dust. Many on the inside see Trump’s win as the green light for digital assets, since he’s made it crystal clear he’s got a pro-crypto stance.

In fact, his promise to protect miners and even look into a Bitcoin reserve has thrown fuel onto this already heated market. Political certainty, combined with strong U.S. economic indicators, is adding new conviction to crypto’s institutional backers. Some heavy hitters expect an incoming, across-the-board BTC rally, potentially spreading to altcoins and even the more experimental meme tokens.

BlackRock’s Fee Waiver Strategy Stands Out in Competitive Market

BlackRock’s IBIT, with its competitive 0.25% fee waived until January, is using every trick in the book to lure in big and small investors alike. This waiver, especially compared to Grayscale’s GBTC, which charges a hefty 1.5%, could be part of IBIT’s secret sauce. Fidelity’s FBTC also charges 0.25%, but their fee waiver expired in July, giving BlackRock a unique edge as long as the deal remains on the table.

As retail and institutional interest in Bitcoin ETFs continue ramping up, it’s clear that the fee wars might just be as impactful as the current flood of capital.