The BlackRock Bitcoin ETF (exchange-traded fund) recorded a new daily trading volume record as Polymarket odds of BTC reaching $100K by the end of the year surge.
BlackRock’s IBIT fund generated $4.5 billion in daily trading volumes yesterday, according to a Nov. 11 <a href="https://x.com/EricBalchunas/status/1856081711706030300" rel="noopener noreferrer nofollow">post</a> on X by Bloomberg ETF analyst Eric Balchunas.
<img decoding="async" src="https://www.thefinance360.com/wp-content/uploads/2024/11/BlackRock-Bitcoin-ETF-Records-4.1B-Trading-Volume-on-Nov.-6.png" alt="BlackRock's Bitcoin ETF Overtakes Gold Fund As Investor Demand Reaches Record Highs | Finance 360">
<h2 id="span-style-font-weight-400-blackrock-bitcoin-etf-leads-1-1-billion-inflows-span">BlackRock Bitcoin ETF Leads $1.1 Billion Inflows</h2>
<a href="https://insidebitcoins.com/news/blackrocks-ibit-bitcoin-etf-posts-record-1-1-billion-inflow-as-bitcoin-hits-new-ath-following-fed-rate-cut" rel="noopener noreferrer nofollow">IBIT</a> not only experienced a surge in trading activity, it also recorded the most inflows of the US spot Bitcoin ETFs on Nov. 11. 
During yesterday’s session, the asset management titan’s ETF saw $756.5 million enter its reserves, according to <a href="https://farside.co.uk/btc/#google_vignette" rel="noopener noreferrer nofollow">Farside Investor data</a>. This is more than half the $1,114.1 million inflows the funds recorded collectively on the day.
Fidelity’s FBTC registered the second highest inflows after investors sent $135.1 million to the fund. Trailing behind FBTC is ARK and 21Shares’ ARK, which saw net inflows of $108.6 million.
Bitwise’s BITB, Invesco’s BTCO, Franklin’s EZBC and both of Grayscale’s spot Bitcoin ETFs all registered inflows on Nov. 11. Meanwhile, Valkyrie’s BRRR, VanEck’s HODL and WisdomTree’s BTCW recorded no new flows yesterday.
<h2 id="span-style-font-weight-400-polymarket-bettors-confident-of-100k-btc-before-year-end-span">Polymarket Bettors Confident Of $100K BTC Before Year-End</h2>
The uptick in IBIT’s trading volumes and inflows happened during the same time <a href="https://insidebitcoins.com/news/bitcoin-blasts-past-81k-sending-meme-coins-into-orbit-amid-trump-election-win-bull-run" rel="noopener noreferrer nofollow">BTC</a> managed to zoom past its previous all-time high to establish a new peak at $89,956.88 in the last 24 hours. It has since pulled back slightly to <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">trade</a> at $89,475.20 as of 3:43 a.m. EST.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Odds Bitcoin hits $100k this year just shot up to 53%. <a href="https://t.co/rPKVBCI8mg" rel="noopener noreferrer nofollow">pic.twitter.com/rPKVBCI8mg</a>
 — Polymarket (@Polymarket) <a href="https://twitter.com/Polymarket/status/1856011217904480423?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
According to a contract on <a href="https://polymarket.com/event/will-bitcoin-hit-100k-in-2024?tid=1731397483104" rel="noopener noreferrer nofollow">Polymarket</a> asking whether BTC will soar to $100K by the end of the year, there is still more upside in the cards for the leading crypto.
 Odds on the decentralized betting platform in favor of this happening surged 33% in the last 24 hours. As a result, “Yes” shares are priced at $0.66, indicating a 66% probability that the $100k mark will be breached, according to Polymarket bettors.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:&nbsp;</h3>
<ul>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/best-wallet-token-presale-debuts-exclusively-in-best-wallet-grab-tokens-at-the-lowest-price-now" rel="noopener noreferrer nofollow">$BEST Wallet Token Presale Debuts Exclusively In Best Wallet – Grab Tokens At The Lowest Price Now!</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/top-cryptocurrencies-to-buy-now-november-11-cronos-bittensor-render" rel="noopener noreferrer nofollow">Top Cryptocurrencies to Buy Now November 11 – Cronos, Bittensor, Render</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/ada-surges-72-as-cardano-founder-charles-hoskinson-eyes-key-role-shaping-trump-crypto-policy" rel="noopener noreferrer nofollow">ADA Surges 72% As Cardano Founder Charles Hoskinson Eyes Key Role Shaping Trump Crypto Policy</a></li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/how-to-buy-best-wallet-token" rel="noopener noreferrer nofollow">How to Buy Best Wallet Token – $BEST Presale Review</a></li>
</ul>

BlackRock Bitcoin ETF Hits New Record As Polymarket Odds Of Bitcoin Hitting $100K This Year Soar

Table of Contents

Inside Bitcoins

Other articles published on Nov 12, 2024

SOL Sets Sights on $240 with Key Support at $194, Says Crypto Chase

XRP fails to capture bull market momentum as crypto whales find solace in Solana

How to Build a Crypto Portfolio with Just $100—Maximize Returns with Staking and $FXG

Bitcoin Surges Past $71,000: What Could be the Possible Reasons?

Sex tape scandal: Equatorial Guinea to prosecute Baltasar Engonga for misconduct

Outperforming the Giants—This New Coin Could Outshine Cardano and Solana in 2025

Join our free newsletter for daily crypto updates!