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#BitcoinBouncesBack
The iShares Bitcoin Trust I IBIT fund
managed by BlackRock has accumulated 806,700 BTC on its balance sheet, worth approximately $63.7 billion.
This figure has become a new all-time high for the world's largest spot Bitcoin exchange-traded fund.
The record was set after nine consecutive trading sessions of net inflows.
During this period, IBIT fund purchased approximately 21,500 bitcoins.
Institutional demand for regulated instruments is growing amid trading of the first cryptocurrency near the $78 mark.