BlackRock’s Bitcoin ETF Sees Record $1 Billion Inflows Amid Market Optimism Following Trump Victory

BlackRock’s spot Bitcoin ETF, IBIT, witnessed a record-breaking $1.1 billion in inflows, just after experiencing two days of outflows totaling $113.3 million, according to data from SoSo Value. This surge follows Bitcoin’s new all-time high of $76,943, as reported by CoinMarketCap.

IBIT Dominates Spot Bitcoin ETF Inflows

BlackRock’s IBIT ETF accounted for an impressive 82% of the total $1.34 billion inflows across U.S.-listed spot Bitcoin ETFs on the day, leading the market. Fidelity’s Wise Origin Bitcoin Fund (FBTC) came in second with $190.9 million, followed by ARK’s 21Shares Bitcoin ETF (ARKB) with $17.6 million.

Prominent market analysts and traders are optimistic about the trend. Crypto trader “The Bitcoin Therapist” urged followers to expect “another massive day,” while financial analyst Rajat Soni advised his followers to “buckle up.” Crypto analyst Zia ul Haque dubbed November “PumpVember,” highlighting the potential for continued growth.

Bloomberg ETF analyst Eric Balchunas called it “the biggest one-day flow of any Bitcoin ETF ever.” On Nov. 6, Balchunas observed IBIT trading nearly $1.1 billion within the first 20 minutes, coinciding with former President Donald Trump’s U.S. election victory.

Trump’s Pro-Bitcoin Policies Boost Market Confidence

Trump’s win has added fuel to the crypto market, with his administration’s pro-Bitcoin policies—such as proposals for a national Bitcoin reserve, support for crypto mining, and a promise for more favorable regulations—strengthening market optimism. This shift has led to renewed confidence in potential SEC leadership changes and regulatory adjustments.

Matt Hougan, CIO of Bitwise, described Trump’s victory as a potential catalyst for a “golden age” in crypto, driven by a favorable regulatory environment.

Digital Asset Products Hit Record Inflows

Last week, digital asset investment products recorded $2.2 billion in inflows, bringing year-to-date inflows to $29.2 billion. Bitcoin saw the lion’s share, absorbing $2.2 billion, while short-Bitcoin products gained an additional $8.9 million. Total assets under management (AuM) reached $102 billion, marking only the second time in history to surpass the $100 billion mark.