Crypto Mania Drives $520 Million Into BlackRock Bitcoin ETF (IBIT) in One Day
Add this eye-popping statistic to the list of superlatives driving crypto’s latest boom cycle: A record $520 million stampeded into BlackRock Inc.’s Bitcoin ETF in a single day.
The iShares Bitcoin Trust (ticker IBIT) saw its biggest one-session haul Tuesday, marking the largest daily inflow so far among the batch of new US exchange-traded funds investing directly in the world’s biggest cryptocurrency. It was also the second-largest daily intake for any US ETF across all asset classes, data compiled by Bloomberg show. And the trading mania continued into Wednesday.