BlackRock’s Bitcoin ETF hits record trading volume of $10 billion as price plunges by 13%, marking its second-worst daily drop since launch. IBIT sees net outflows of $373.4 million, struggling to maintain consistent inflows amid market crash. Bitcoin falls 12% to $64,000, down 50% from all-time high in October. IBIT follows similar pattern, dropping 48% to $36.10.

Investment chief Bob Elliott reveals average dollar invested in IBIT is now underwater. Market reacts to weak US job data and AI sector concerns. Analysts warn Bitcoin carnage may continue, with few buyers stepping in. Magazine features weirdest devices used for Bitcoin mining.

Read more at Cointelegraph: BlackRock’s Bitcoin ETF Hits Daily Volume Record of $10B