"BlackRock's Bitcoin ETF Acquires 12.6K BTC Amid Market Turmoil"

BlackRock's iShares Bitcoin ETF (IBIT) acquired a record 12,600 bitcoin worth over $778 million on Tuesday, surpassing previous daily highs and recording trading volumes of more than 107 million shares. The big inflows came as bitcoin hit a new all-time high of $69,000 before sharply reversing, prompting a modest recovery to the $63,000 area late in the U.S. trading day. The BlackRock ETF now holds more than 183,000 bitcoin, making it the most popular bitcoin ETF with assets under management of about $12 billion, followed by Fidelity’s FBTC at $7.2 billion. Overall, ETF volumes broke the $10 billion mark, with bitcoin trading just under $66,000 as of U.S. morning hours on Wednesday.