BlackRock's IBIT adds $109.31m as Bitcoin price climbs above $71,000 on March 10

On Monday, BlackRock's iShares Bitcoin Trust ETF (IBIT) saw a net cash inflow of about $109.31 million while holding more than $53.2 billion in assets under management. As Bitcoin rebounded above $71,000 on Tuesday, March 10, IBIT's cumulative net inflows surpassed $62.58 billion and contributed to BTC trading around $71,410. Overall, U.S. spot Bitcoin ETFs recorded net inflows of approximately $167.03 million, lifting their total net assets to $88.34 billion.