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"BlackRock's Bitcoin ETF Surges with $778 Million Amid Record BTC Addition"

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Source: Decrypt
"BlackRock's Bitcoin ETF Surges with $778 Million Amid Record BTC Addition"
Photo: Decrypt
TL;DR

BlackRock's iShares Bitcoin ETF (IBIT) saw inflows of $778.3 million worth of Bitcoin, adding 12,447.3 BTC at an average price of just above $62,500, likely buying the dip after Bitcoin's all-time high. The fund's assets under management hit a record 183,345 BTC, with BlackRock leading the charge for spot Bitcoin exchange-traded funds in the United States. All 10 spot Bitcoin ETFs collectively saw a record $10 billion worth of volume on Tuesday, with Bitcoin's price rebounding to $67,175 as of the latest update.

Topics:businesscryptocurrency-investment#bitcoin#blackrock#cryptocurrency#cryptocurrency-investment#etf#trading-volume
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  1. BlackRock's Bitcoin ETF Added $778 Million in BTC Amid All-Time High  Decrypt
  2. Bitcoin price briefly tops $69,000 for new all-time high  BBC.com
  3. iShares Bitcoin Trust ETF: Sell The News (NASDAQ:IBIT)  Seeking Alpha
  4. BlackRock’s Bitcoin ETF Added a Record 12.6K BTC in Tuesday's Carnage  CoinDesk
  5. Bitcoin ETF mania boosts BlackRock and Fidelity  Fortune

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