BlackRock received its highest-ever one-day on-chain inflow in week
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Bitcoin reached a fresh all-time high of $69,000 on Tuesday, only to drop drastically within minutes. The price fell by more than 10% at one time, dropping to lows of $59,224 on Coinbase, before recovering modestly.Investors have flocked to spot Bitcoin funds since the SEC allowed them in January. This year, the 10 funds have netted $8.9 billion. Excluding Grayscale's spot fund, which existed in a previous fund structure, the newly approved funds have around $26 billion in assets.
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