BlackRock’s Bitcoin ETF Added a Record 12.6K BTC in Tuesday's Carnage
Summary
The BlackRock iShares Bitcoin ETF (IBIT) purchased over $778 million worth of bitcoin on Tuesday, adding 12,600 bitcoin to its holdings. This broke previous daily highs of around 10,000. The fund recorded trading volumes of more than 107 million shares, surpassing the previous record high of $3.3 billion from last week. The fund now holds more than 183,000 bitcoin, nearing MicroStrategy's holdings of 193,000. IBIT is the most popular bitcoin ETF since its launch on January 11, with assets under management now about $12 billion. ETF volumes surpassed the $10 billion mark on Tuesday. Bitcoin trades just under $66,000 as of Wednesday morning.
