Just ahead of Bitcoin’s massive surge past the $60,000 milestone, BlackRock’s bitcoin Exchange-Traded Fund (ETF), iShares Bitcoin Trust (IBIT), achieved a noteworthy record in net inflows. It amassed $520 million on February 27, marking a pinnacle for any of the 10 US bitcoin funds.

IBIT Breaking Records

With this milestone, the ETF has broken its own previous daily net inflow high of $493 million on February 13. Notably, IBIT majorly outpaced its competitors, with the Fidelity Wise Origin Bitcoin Fund (FBTC) securing the second-highest daily inflow at $126 million. Digital asset hedge fund Capriole Investments’ founder, Charles Edwards, noted IBIT’s achievement, stating:

“Another…

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