Trading volumes for the “Bitcoin Industrial Complex” — the United States spot Bitcoin exchange-traded funds (ETFs) and stocks like MicroStrategy (MSTR) and Coinbase (COIN) — saw a combined $70 billion on Nov. 21 as Bitcoin rallied above $98,300.
It smashed the previous record of $55 billion set the day before when MSTR was the most-traded stock in the US, according to Bloomberg ETF analyst Eric Balchunas, citing data Bloomberg Intelligence.
’BITSANITY,’ Balchunas said of the eye-popping figures.
MSTR also accounted for the bulk of today’s trading volume as its shares tanked over 25% from its highest point of $536.7 to $397.28 when the bell rung on Nov. 21.
Source: Eric Balchunas
