BlackRock Bitcoin hits record $10bn trading volume as investors scramble for exit

A version of this article appeared in our The Roundup newsletter on February 6. Sign up here. BlackRock just notched a new record for one of its winningest funds. This time, the reason was less than bullish. BlackRock’s Bitcoin ETF, which trades under the ticker IBIT, broke $10 billion in trading volume amid Thursday’s market crash. Looking more closely, that trading action was mostly from investors selling, as one would imagine when an asset plummets 20% in a week. Indeed, more than $434 million exit ...