Bitcoin ETFs Break Volume Record: $673 million inflow in a single day

As Bitcoin continues to grow on the back of increased purchases by companies and has reached the $64,000 level, Bitcoin spot ETFs are gaining more and more momentum. ETFs received their largest net investment since January 11 yesterday. BlackRock was also at the top by far.

Bitcoin ETFs Break Volume Record: $673 million inflow in a single day

Bitcoin spot ETFs received the most net investment yesterday since January 11. When other outflows, notably Grayscale, were deducted, the figure reached $673 million inflow, the highest in the 1.5-month ETF’s history.

The BlackRock ETF, which set a record with a net $520 million on Tuesday, repeated this record and received a net investment of $612 million yesterday. The figure was $245 million for second-place Fidelity.

In addition, trading volume in BlackRock’s IBIT ETF also broke a record at $3.3 billion. On Tuesday, this figure also set a record with $1.1 billion. So BlackRock even tripled its last record. The total daily trading volume was $7.7 billion.

While there was an outflow of $216 million from Grayscale, the company still holds $26 billion of Bitcoin. BlackRock holds $9.1 billion in Bitcoin, while Fidelity holds $6.2 billion…

The total number of Bitcoins held by companies surpassed $46 billion yesterday. This figure also corresponds to 3.9% of the Bitcoin supply.

The increased interest in ETFs has also spurred banks into action. Morgan Stanley, the giant US bank, is reportedly planning to add a Bitcoin spot ETF to its brokerage platform.

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