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TechFlow news, Bloomberg ETF analyst Eric Balchunas tweeted that BlackRock's Bitcoin ETF $IBIT has traded $2 million.
Compared to a typical ETF, this performance is already impressive—especially considering it's only around 6 a.m. This trading volume might be intentional, as BlackRock could be gradually deploying its prepared capital.
Bloomberg ETF analyst Eric Balchunas tweeted that BlackRock's bitcoin ETF $IBIT has traded $2 million. That's an impressive volume for an ETF, especially at just past 6 a.m., and this trading activity could be intentional by BlackRock—gradually deploying the capital they have prepared.
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