BlackRock Bitcoin ETF Approaches 700,000 BTC Milestone, IBIT Share Jumps

BlackRock Bitcoin ETF (IBIT) is leading once again as net inflows into spot ETFs surged $588 million on Tuesday. BlackRock’s IBIT alone contributed $436 million in inflows, while swallowing a total of 4,134 Bitcoins, thereby taking its total Bitcoin holdings closer to 700,000. Besides, the IBIT share price also surged 2.5% on Tuesday, reclaiming the crucial $60 levels.