BlackRock’s Bitcoin ETF, IBIT, achieved a remarkable milestone on March 5. Attracting a staggering $788 million, it exceeded its previous record of $612 million in inflows in a single day. This surge in investment coincided with Bitcoin reaching a new all-time high (ATH) of $69,300, surpassing its previous ATH set in 2021. Bitcoin ETF Trading Volumes Reaches Record $10 Billion Shortly after Bitcoin hit its new milestone, the market experienced a notable price correction, dropping below $60,000. However, this dip seemed to entice ETF buyers who saw it as an opportunity to accumulate Bitcoin at a discounted price. As a result, the Bitcoin price has quickly recovered and reached the $65,200 level, positioning itself for further price gains and consolidation above its ATH. Related Reading: Can DOGE Avoid A Dive? Sell Pressure Puts Memecoin To The Test According to Bloomberg ETF expert Eric Balchunas, the ten Bitcoin ETFs traded a staggering $10 billion in volume on the same day, breaking the previous record set just a week ago. The expert noted that this surge in trading activity is not entirely unexpected, as volatility and ..
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