BlackRock's Bitcoin ETF Sees Record $3B Inflow On First Day As Investors Rush Into Crypto
• BlackRock's new Bitcoin ETF, iShares Bitcoin Trust (IBIT), could attract a record $3B inflow on its first trading day according to CF Benchmarks • This would be the largest debut ever for an ETF if estimates are correct • IBIT and Grayscale's spot Bitcoin ETF had the highest trading volumes early on launch day, showing significant previously untapped demand • Spot Bitcoin ETFs allow mainstream investors exposure to Bitcoin without needing to directly handle cryptocurrencies • The ETF could benefit the entire crypto ecosystem by bringing in new investors and market makers, improving liquidity after FTX's collapse