🚀📈 Trading volume of Bitcoin ETF, Coinbase, and MicroStrategy reaches 38 billion dollars
The combined daily trading volume of MicroStrategy shares, Coinbase, and Bitcoin ETFs reached USD 38 billion while Bitcoin surpassed USD 89,000.
The 11% rise of Bitcoin to USD 89,500 on November 11 has propelled the United States spot Bitcoin exchange-traded funds (ETFs), MicroStrategy Inc (MSTR), and Coinbase Global Inc (COIN) to a record USD 38 billion in combined daily trading volume.
The daily record far exceeded the previous high of about USD 25 million, set in March, when Bitcoin BTC surpassed a long-standing price peak, according to Bloomberg Intelligence data cited by Eric Balchunas, a Bloomberg ETF analyst.
"Lifetime records are being set everywhere," Balchunas said. He noted that only BlackRock's iShares Bitcoin Trust (IBIT) recorded a trading volume of USD 4.5 billion.
"This points to a strong week of inflows. It has been a crazy day, it really deserves a name like Volmageddon," he added.
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