Bitcoin Magazine Bitcoin Price Reclaims $122,000 As BlackRock Bitcoin ETF Surpasses 800,000 BTC AUM

Bitcoin price has maintained its position above $122,000 on Thursday, bolstered by BlackRock’s IBIT spot Bitcoin ETF reaching a significant milestone of over 800,000 BTC in assets under management (AUM). The world’s largest cryptocurrency has shown resilience following its new all-time high of $126,199 earlier this week, supported by strong institutional inflows and dovish signals from the Federal Reserve.

BlackRock’s IBIT, which launched in January 2024, has accumulated approximately 802,257 BTC, valued at nearly $100 billion, representing about 3.8% of Bitcoin’s total supply. This rapid increase has been fueled by substantial net inflows, with the ETF receiving 3,510 BTC yesterday, pushi

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