BlackRock's Bitcoin ETF Breaks Volume Record as Crypto Rally Intensifies Trading
• BlackRock's Bitcoin ETF (IBIT) traded $1.357B on Tuesday, breaking its previous day record of $1.3B
• Nearly 42 million IBIT shares changed hands, more than double the average since January
• U.S. spot bitcoin ETFs traded over $2B total on Tuesday, slightly less than Monday's $2.4B record
• Monday saw $520M net inflows into U.S. spot bitcoin ETFs, with Fidelity attracting the most at $243M
• Bitcoin rallying over 10% to $57K likely drove intense trading volumes across spot bitcoin ETFs like IBIT