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CryptoIntelligence 2024-11-07 06:59:59

BlackRock’s Bitcoin ETF Has Record-Breaking Day After Donald Trump’s Victory

BlackRock’s Bitcoin ETF Has Record-Breaking Day After Donald Trump’s Victory

BlackRock’s Bitcoin exchange-traded fund (ETF) saw a record-breaking day of trading following Donald Trump’s victory in the U.S. presidential election. In a Nov. 6 post on X, Bloomberg ETF analyst Eric Balchunas noted that the iShares Bitcoin Trust (IBIT) experienced its “biggest volume day ever,” with daily trading reaching over $4.1 billion. “For context, that’s more volume than stocks like Berkshire, Netflix, or Visa saw today. It was also up 10%, its second-best day since launching,” Balchunas added. Other Bitcoin ETFs also enjoyed one of their best trading days since “the crazy early days” in January, with most funds doubling

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