Bitcoin ETFs Surge: BlackRock's $10B Asset Milestone and Record Volume

BlackRock's new spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has surpassed $10 billion in assets under management, making it one of only 52 ETFs out of 3,400 to achieve this milestone. The approval of 10 new spot Bitcoin ETFs has resulted in significant positive flows, with IBIT alone seeing nearly $604 million in positive flows. Grayscale's Bitcoin Trust (GBTC) also experienced notable activity, with nearly $599 million in negative flows. Bitcoin is currently trading at $62,470.