BlackRock's IBIT Holders Record $3.2 Billion in Unrealized Gains as Bitcoin Recovers
Bitcoin exchange-traded fund investors returned to profit as Bitcoin's price climbed above key cost-basis levels. BlackRock's iShares Bitcoin Trust ETF holders saw unrealized gains reach $3.2 billion on Wednesday, recovering from near break-even positions recorded days earlier. The broader Bitcoin ETF market recorded consecutive net inflows totaling $21 million for the first time in two weeks.