BlackRock’s Bitcoin ETF saw record trades after Trump’s victory fueled shareholder excitement.
Bitcoin reached new highs, pushing demand in BlackRock’s crypto fund.
Trump’s policies are raising hopes for supportive crypto regulations in the U.S.
BlackRock’s iShares BTC Trust set a new record with $4.1 B in trading volume following Donald Trump’s presidential triumph. This marked the fund’s busiest day since its launch in January. IBIT’s trading surged past $1 billion within just 20 minutes of opening, a pace usually spread over a full trading day.
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The election result drove Bitcoin to a new high of $76,500 on November 6, as investors showed fresh interest. TradingView data showed Bitcoin retraced slightly to $75,267 by publication time. Trump’s campaign pledges for a national Bitcoin reserve and supportive crypto regulations may have sparked this momentum.
Increased Bitcoin ETF Volume and Market Activity
Besides IBIT, other Bitcoin exchange-traded funds also saw major jumps in trading volume. Bloomberg analyst Eric Balchunas noted several Bitcoin ETFs hit twice their usual trading levels, while IBIT’s volume surpassed high-profile stocks like Berkshire Hathaway, Netflix, and Visa. These surging volumes highlight institutional interest in Bitcoin ETFs and mark a major shift for digital assets in traditional markets.
Moreover, Balchunas explained that IBIT’s high volume reflects a balanced market with both buying and selling, adding to liquidity. In ETFs, higher trading volumes do not always mean large inflows but instead show balanced activity in the fund.
Potential for New Crypto Policies Under Trump
Trump’s election has raised speculation about favorable crypto policies. Some investors expect his administration will push for rules that support digital assets. Trump’s campaign pledges to help Bitcoin miners and create a national Bitcoin reserve have already fueled optimism in the market.
Bitwise Chief Investment Officer Matt Hougan suggested that Trump’s win could lead to a friendlier climate for digital assets. Many in the crypto space anticipate changes in SEC leadership, which could ease regulatory challenges for Bitcoin products and attract institutional interest.
IBIT’s Position in the Expanding Bitcoin ETF Market
Since launching in January, IBIT has grown quickly, now holding around 429,185 BTC worth about $30 billion. With competitive fees, IBIT attracts institutions looking for streamlined Bitcoin exposure. BlackRock’s fund has established itself as a key player in the Bitcoin ETF sector, reflecting strong demand and investor confidence in digital assets.
Will Trump’s policies create more opportunities for digital assets to flourish? For now, BlackRock’s IBIT remains a primary focus for institutions amid growing Bitcoin interest.
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