BlackRock’s Bitcoin ETF has seen a record-breaking single-day turnover of $5 billion amid Bitcoin’s ongoing spectacular price rallies.

Bitcoin reached a new all-time high on November 13, hitting $93,477 during late trading. This milestone was accompanied by unprecedented activity in the Bitcoin exchange-traded funds (ETFs) market.

In a post on X, Bloomberg analyst Eric Balchunas revealed that the iShares Bitcoin Trust (IBIT), managed by BlackRock, recorded a $5 billion daily trading volume on Wednesday, surpassing its previous record. 

Balchunas noted that only three other ETFs and eight individual stocks saw higher volumes on that day. Over a three-day period, IBIT amassed $13 billion in trading activity, signaling a substantial rise in investor interest.

Other Bitcoin ETFs, such as Fidelity’s FBTC, also saw notable increases in trading volumes, though on a smaller scale.

Meanwhile, the broader Bitcoin ecosystem has also experienced a surge, with weekly trading volumes hitting $110 billion — an all-time record — with two days still remaining in the trading week.

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