BlackRock’s iShares Bitcoin Trust (IBIT) saw record-breaking net inflows of $1.12 billion yesterday, surpassing its previous high of $872 million on October 30. This surge in investor interest follows the spot bitcoin exchange-traded fund’s remarkable trade volume of over $4 billion. The influx is largely attributed to the positive market sentiment following Donald Trump’s recent presidential victory and the Federal Open Market Committee’s decision to cut interest rates. These events have significantly boosted confidence in riskier assets, propelling Bitcoin to a new high of nearly $77,000.

Data