On the day Bitcoin's flagship token soared to an unprecedented peak before sliding down by as much as 10%, investors funneled an unparalleled sum into BlackRock's Bitcoin ETF, showcasing a keen interest in the crypto sector's top asset. The surge in Bitcoin's value catalyzed a record-breaking $788 million in net deposits into the iShares Bitcoin ETF (IBIT) managed by BlackRock on March 5, establishing a new benchmark for daily capital influx into this investment channel as market participants appeared to leverage a temporary price decline.
SoSoValue reports indicate that the IBIT ETF has amassed over $9 billion in total net inflows and oversees nearly $12 billion in assets under management (AUM). This considerable sum of managed assets is bolstered by the acquisition of more than 183,000 Bitcoin (BTC) by the investment giant since
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First found on: BlackRock's Bitcoin ETF Hits Record Inflows at Crypto Peaks: A New Era of Digital Asset Investment
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