PANews reported on November 7 that according to The Block, the day after Trump won the US presidential election, BlackRock's IBIT spot Bitcoin ETF trading volume surged to $1 billion within 20 minutes of opening, setting a single-day trading volume record. Subsequently, the price of Bitcoin quickly broke through $75,000, setting a record high. BlackRock's Bitcoin ETF has managed assets of $30 billion, becoming the largest spot Bitcoin ETF by market value.
According to ETF analyst Eric Balchunas on the social platform X, BlackRock's spot Bitcoin ETF $IBIT hit a record high of $4.1 billion in daily trading volume, exceeding the daily trading volume of stocks such as Berkshire, Netflix and Visa. In addition, $IBIT rose 10% on the day, the second best trading day since its listing. Balchunas expects that part of this volume will be converted into capital inflows, which may be credited on Tuesday and Wednesday nights.
