Institutional investors respond positively to Trump’s victory and the Fed’s rate cut: record inflows for IBIT.
On November 7, BlackRock’s iShares Bitcoin Trust recorded net inflows of $1.12 billion, surpassing the previous record of $872 million set on October 30. Trading activity saw the 12 spot Bitcoin ETFs collectively amass $1.38 billion in net inflows.
According to various analysts, this growth reflects strong investor confidence, supported by BlackRock’s reputation, Bitcoin’s recent rally, and favorable market conditions. Two major events contributed to this positive scenario: Donald Trump‘s victory in the U.S. presidential election and the Federal Reserve’s decision to cut interest rates by 25 basis points, bringing them to between 4.50% and 4.75%.
With further rate cuts on the horizon, the prospect of crypto-friendly regulations, and ongoing economic stimulus from China, institutions are likely to continue turning to BlackRock’s Bitcoin ETF.
Other funds also benefited from the favorable conditions: Fidelity’s FBTC recorded net inflows of $190.9 million, while Grayscale‘s mini trust added $20.4 million. Since launch, the 12 funds have accumulated net inflows of $25.5 billion.
