BlackRock’s iShares Bitcoin Trust (IBIT) achieved its highest-ever daily trading volume of $4.1 billion Wednesday evening amid a record-setting price for the world’s largest crypto.
Bitcoin swelled early in the presidential race, reaching a fresh all-time high above $75,000 shortly after Donald Trump’s victory. US-based spot Bitcoin exchange-traded funds have stood to benefit.
IBIT recorded $1 billion in trading volume within just 20 minutes of market opening, according to senior Bloomberg analyst Eric Balchunas. The early surge matched IBIT’s typical full-day trading volume, setting the stage for its strongest trading session since launching on January 11.
“For context, that’s more volume than stocks like Berkshire, Netflix, or Visa saw today,” Balchunas wrote in a post to X.
The unprecedented activity shows growing confidence among investors towards institutional crypto products and comes as Trump, who has promised<
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Author: Vince Dioquino
