Summary
TLDR: BlackRock’s iShares Bitcoin Trust (IBIT) set a new trading volume record of $3.8 billion. Bitcoin’s price hit a new high at $69,000 before dropping to $63,500. 10 Bitcoin ETFs did over $10 billion in trading volume today. IBIT now has over $10 billion in assets under management and is the most popular fund. BlackRock hopes to get a spot Ethereum ETF approved by the SEC.
Key Points
1. BlackRock’s iShares Bitcoin Trust (IBIT) attracted close to $3.8 billion in trading volume, setting a new record for the fund.
2. Bitcoin’s price hit a new high, breaking above $69,000 per coin on Coinbase before dropping to $63,500.
3. BlackRock is the world’s biggest fund manager and has over $10 billion in assets under management with its Bitcoin product, IBIT.