BlackRock's IBIT Fund Dominates Spot Bitcoin ETF Market

BlackRock's IBIT spot Bitcoin ETF is capturing investor interest

with inflows hitting $318 million on October 31, even as Bitcoin

dropped to $68,800. This follows a record-breaking $875 million

inflow on October 30, with IBIT’s weekly inflows now exceeding $2 billion, far surpassing competing ETFs like Valkyrie’s BRRR

and Fidelity’s FBTC, which saw significant outflows.

Despite market challenges, BlackRock's IBIT has helped keep

U.S. Bitcoin ETFs on a growth streak, marking seven

consecutive days of net inflows. IBIT now holds nearly

$30 billion in assets, cementing BlackRock’s dominance in the

Bitcoin ETF space and driving major growth in the market.

#BlackRock⁩ #IBIT #BitcoinETF BTCPredictedNewATH #Write2earn $BTC