US exchange-traded funds investing in Bitcoin posted a record daily net inflow of $1.38 billion, bolstered by President-elect Donald Trump’s embrace of the digital-asset industry and promise of supportive regulations.
BlackRock Inc.’s iShares Bitcoin Trust accounted for about 81% of Thursday’s deluge, which came a day after the ETF’s trading volume jumped to an all-time peak, according to data compiled by Bloomberg. The $1.1 billion of net subscriptions for the fund — also known as IBIT — was also unprecedented.
