Inflows into Bitcoin-based ETFs have hit records, with BlackRock once again demonstrating leadership in this segment.

Growth in Bitcoin ETF Inflows

The Bitcoin-based ETF market shows steady growth in fund inflows. Since last week, inflows into these funds have accelerated. BlackRock's iShares BTC ETF (IBIT) has already raised more than $23 billion since its launch.

BlackRock Takes the Lead

On October 21, 2024, the IBIT fund achieved significant results, gathering $294 million, with BlackRock alone accounting for $329 million. Additionally, the IBIT fund reached a total asset volume of $26 billion, placing it in the top 2% of all ETFs.

Impact on the Bitcoin Market

Despite significant inflows into Bitcoin funds, the price of the cryptocurrency has failed to break the critical resistance of $70,000, declining to $67,300, down by 2% in the last 24 hours.

The consistent growth in inflows into Bitcoin-based ETFs underscores the high investor interest in this asset class, yet recent Bitcoin price movements show that market dynamics remain complex.