BlackRock's Bitcoin ETF Hits New Daily Volume Record as BTC Surpasses $88,000

As Bitcoin surpassed $88,000 for the first time on Monday, BlackRock's BTC spot exchange-traded fund set a new daily trading volume record, according to Bloomberg senior ETF analyst Eric Balchunas.

BlackRock's spot bitcoin ETF generated $4.5 billion in daily trading volume, according to Balchunas, who posted the results on X.

"The Bitcoin Industrial Complex (ETF + MSTR, COIN) saw $38 billion in trading volume today, which is an all-time high everywhere, including $IBIT which saw $4.5 billion, indicating a solid week of capital inflows. It was a crazy day, truly deserving of a name like Volmageddon."

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