Institutional players like BlackRock and Fidelity are significantly boosting their investment in Bitcoin, reflecting growing confidence in cryptocurrency exchanges.
Notably, BlackRock's Bitcoin ETF, IBIT, achieved a new record on October 30 with an enormous single-day inflow of $875 million, highlighting the increasing interest and potential growth for similar financial products.
This event follows IBIT's previous record of $849 million in March, marking a sustained trend towards Bitcoin investment amid growing acceptance by major financial players.
