BlackRock Broke a Record with $520 Million in Bitcoin

The iShares Bitcoin Trust (IBIT) fund, founded by BlackRock, broke its own daily record the other day.

According to data from BitMEX Research, the IBIT ETF was added on Tuesday. 520.2 million dollars There was an entrance. The previous record was broken on February 13, with $493.1 million.

Entering Spot Bitcoin ETFs yesterday net money amount is the highest in the last two weeks reaching the level to $576.8 million reached. From Grayscale Bitcoin Trust (GBTC) $125.6 million There was an outflow of money.

Charles Edwards, founder of Capriole Investments “The higher Bitcoin rises, the more asset managers in traditional finance will need to allocate to Bitcoin because they no longer have excuses like ‘access issues’ or ‘regulatory risk’.” said.

Yesterday’s trading volume of the BlackRock fund was also yesterday to 1.36 billion dollars broke a new record.

Bloomberg ETF analyst Eric Balchunas said this was due to the daily trading volume of many stocks. that it is higher drew attention.

Meanwhile, the Bitcoin price rose by approximately 5% on a daily basis. $59,000 threshold passed.

source site-9