(BTC)<\/u><\/a>\u00a0\u00a0on last Tuesday, as investors seized the opportunity to scoop up the dip in the world’s largest cryptocurrency.<\/p>\n\n\n\n12,600 Bitcoins were added by IBIT, surpassing the 10,000 daily record. The fund exceeded the previous record high of $3.3 billion from previous week with trading volumes of over 107 million shares, or over $3.6 billion price-weighted, according to data from Nasdaq.<\/p>\n\n\n\n
The large inflows occurred when Bitcoin briefly reached a record high of $69,000 early on Tuesday before plunging precipitously within minutes. At one point, the price fell more than 10% to below $60,000, but it made a small comeback to the $63,000 region by the end of the U.S. trading day.<\/p>\n\n\n\n
Approaching MicroStrategy’s (MSTR) 193,000 stack, the BlackRock ETF currently has more than 183,000 Bitcoin in its possession.<\/p>\n\n\n\n
Since the products’ launch on January 11, IBIT has continued to be the most well-liked Bitcoin exchange-traded fund.<\/p>\n\n\n\n
Out of all its counterparts, its assets under management currently stand at approximately $12 billion, with Fidelity’s FBTC coming in second at $7.2 billion.<\/p>\n\n\n\n
ETF volumes exceeded previous week’s record last Tuesday, totaling over $10 billion.<\/p>\n\n\n\n
About the author<\/strong><\/strong><\/p>\n\n\n\nAnjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.<\/p>\n","protected":false},"excerpt":{"rendered":"
March 11, 2024 By Anjali Kochhar According to the latest reports, the BlackRock iShares Bitcoin ETF (IBIT) devoured more than $778 million worth of Bitcoin (BTC)\u00a0\u00a0on last Tuesday, as investors […]<\/p>\n","protected":false},"author":1,"featured_media":5185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/5182"}],"collection":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/comments?post=5182"}],"version-history":[{"count":2,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/5182\/revisions"}],"predecessor-version":[{"id":5191,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/5182\/revisions\/5191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media\/5185"}],"wp:attachment":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media?parent=5182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/categories?post=5182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/tags?post=5182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}