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(Bloomberg) -- Add this eye-popping statistic to the list of superlatives driving cryptos latest boom cycle: A record $520 million stampeded into BlackRock Inc.s Bitcoin ETF in a single day..
The iShares Bitcoin Trust (ticker IBIT) saw its biggest one-session haul Tuesday, marking the largest daily inflow so far among the batch of new US exchange-traded funds investing directly in the worlds biggest cryptocurrency..
It was also the second-largest daily intake for any US ETF across all asset classes, data compiled by Bloomberg show..
Just as proponents of the ETFs predicted would occur, their arrival last month has kicked open the door to fresh investment, giving the likes of wealth managers, hedge funds and everyday investors a new avenue for sinking capital across the asset class..
As of midday Wednesday, nine of the Bitcoin ETFs excluding the Grayscale Bitcoin Trust (GBTC) saw combined daily trading volume of well over $2.6 billion, with IBIT again breaking its record as $1.5 billion exchanged hands, data crunched by ..
