BlackRock's spot bitcoin-ETF trading volume hits a record $4.5 billion
On November 11, the turnover of BlackRock's iShares Bitcoin Trust ETF reached the highest in history at $4.5 billion, according to Bloomberg analyst Eric Balchunas.
The previous record was $4.14 billion, which preceded the maximum ever inflow of $1.12 billion into the product (the sector as a whole - $1.38 billion)
The expert noted that we can expect a repetition of this situation.
According to Balchunas' calculations, the overall trading volume of bitcoin-related instruments amounted to $38 billion.
The backdrop was the continuation of the first cryptocurrency's rally with a new ATH near $89,000.
On Nov. 11, inflows into spot bitcoin ETFs totaled $357.6 million and trading volume was a record $7.3 billion.
Cumulative inflows since the approval of the BTC-ETF in January increased to $26.2 billion.
Recall, in Bernstein predicted that if Donald Trump wins, bitcoin will reach $80,000-90,000.
Earlier, the specialists of the company called for “as soon as possible” to add crypto-assets to the investment portfolio. They recommended buying a basket of digital assets including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE and LINK.
On November 11, the turnover of BlackRock's iShares Bitcoin Trust ETF reached the highest in history at $4.5 billion, according to Bloomberg analyst Eric Balchunas.
The previous record was $4.14 billion, which preceded the maximum ever inflow of $1.12 billion into the product (the sector as a whole - $1.38 billion)
The expert noted that we can expect a repetition of this situation.
According to Balchunas' calculations, the overall trading volume of bitcoin-related instruments amounted to $38 billion.
“Just a crazy day, it really deserves the name a la ‘Volmageddon ’,” he commented.
The backdrop was the continuation of the first cryptocurrency's rally with a new ATH near $89,000.
On Nov. 11, inflows into spot bitcoin ETFs totaled $357.6 million and trading volume was a record $7.3 billion.
Cumulative inflows since the approval of the BTC-ETF in January increased to $26.2 billion.
Recall, in Bernstein predicted that if Donald Trump wins, bitcoin will reach $80,000-90,000.
Earlier, the specialists of the company called for “as soon as possible” to add crypto-assets to the investment portfolio. They recommended buying a basket of digital assets including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE and LINK.