#2024WithBinance BlackRock Bitcoin ETF Capitalizes, Adds 12.6K BTC in Tuesday’s Tumble

BlackRock Bitcoin ETF surpasses $12B in assets, trailing MicroStrategy closely in BTC holdings amidst market fluctuations and new highs.

STORY HIGHLIGHTS

The BlackRock iShares Bitcoin ETF (IBIT) acquired a record 12,600 BTC worth over $778 million in a single day.

Bitcoin's price briefly hit a new all-time high of $69,000 before plunging over 10%.

Trading volumes for the IBIT surged to more than 107 million shares, equivalent to over $3.6 billion, setting a new record.

The BlackRock iShares Bitcoin ETF (IBIT) witnessed an unprecedented accumulation of Bitcoin (BTC) on Tuesday, securing over $778 million worth of the cryptocurrency. This substantial acquisition consisted of 12,600 BTC, setting a new record for daily acquisitions by the fund, which previously peaked at around 10,000 Bitcoin. The transaction occurred amidst a volatile market session, where Bitcoin prices experienced a significant fluctuation.