On November 11, the turnover of BlackRock's iShares #Bitcoin❗ Trust ETF reached the highest in history at $4.5 billion, according to Bloomberg analyst Eric Balchunas.
The previous record was $4.14 billion, which preceded the maximum ever inflow of $1.12 billion into the product (the sector as a whole - $1.38 billion)
The expert noted that we can expect a repetition of this situation.
According to Balchunas' calculations, the overall trading volume of bitcoin-related instruments amounted to $38 billion.
“Just a crazy day, it really deserves the name a la ‘Volmageddon ’,” he commented.
The backdrop was the continuation of the first cryptocurrency's rally with a new ATH near $89,000.
On Nov. 11, inflows into spot bitcoin ETFs totaled $357.6 million and trading volume was a record $7.3 billion.
Cumulative inflows since the approval of the BTC-ETF in January increased to $26.2 billion.
Recall, in Bernstein predicted that if Donald Trump wins, bitcoin will reach $80,000-90,000.
Earlier, the specialists of the company called for “as soon as possible” to add crypto-assets to the investment portfolio. They recommended buying a basket of digital assets including $BTC
, ETH, SOL, $OP
, ARB, POL, UNI, $AAVE
and LINK.
