BlackRock's Bitcoin ETF Returns to Profit as BTC Rebounds Above $90,000
BlackRock's iShares Bitcoin Trust ETF has flipped back into profitability with $3.2 billion in cumulative gains as Bitcoin rebounded above $90,000. The ETF recorded two consecutive days of inflows totaling $21 million, marking the first such streak in two weeks. Data show the average buy price for IBIT holders now sits near break-even levels, restoring confidence after weeks of pressure from Bitcoin's earlier decline into the mid-$80,000s.