The world's largest asset manager, BlackRock's Bitcoin ETF, broke a record.
BlackRock's IBIT spot Bitcoin ETF broke its all-time high in line with the US elections.
BlackRock IBIT saw its highest trading volume ever at $4.1 billion, more than the current trading volume of companies like Berkshire, Netflix or Visa, Bloomberg ETF analyst Eric Balchunas said.
On November 6, Bitcoin spot ETFs had a total net inflow of $622 million. Fidelity ETF FBTC had inflows of $309 million.
Ethereum spot ETFs had a total net inflow of $52.28 million. Bitcoin spot ETFs had a total daily turnover of $6.07 billion, the highest since March 15. BlackRock ETF IBIT had a daily turnover of $4.14 billion, a record high.
Institutional investors’ interest in Bitcoin is growing like an avalanche
Following former US President Donald Trump’s victory in the presidential election, the high demand for IBIT continued. According to Balchunas, the day after Trump’s election victory, the trading volume of this fund reached $1 billion in the first 20 minutes alone.
According to CoinGecko data, Bitcoin, which has increased by 0.4% in the last 24 hours, is traded at $74,600 at the time of writing.
stay tuned.
