"BlackRock Leads Surge in Bitcoin ETF Trading Volumes Amid Record Inflows"

BlackRock's bitcoin ETF, IBIT, broke its volume record for the third consecutive day, trading $3.3 billion worth of shares, twice as much as its previous record, amid a frenzy in ETF trading as bitcoin surged to $64,000 and then quickly fell to $60,000. U.S. spot bitcoin ETFs collectively saw massive trading, with ten new spot BTC ETFs recording $7.7 billion in trading volume, surpassing the previous record of $4.7 billion. Market observers attribute the demand for spot bitcoin ETFs as a significant driving force behind the price surge, with over $6.7 billion in net inflows since their debut in January.