Publicly available trading volume data from financial market reports

BlackRock's Bitcoin ETF Records $4.1B Volume as Bitcoin Hits All-Time High Post-Trump Win

Nov 6, 2024, 06:08 PM

BlackRock's iShares Bitcoin Trust (IBIT) recorded unprecedented trading volumes following Donald Trump's victory in the U.S. presidential election. On November 6, IBIT saw over $1 billion in trading volume within the first 20 minutes of the market opening, exceeding its usual full-day volume. By the end of the day, IBIT's trading volume had surpassed $4.1 billion, making it its largest daily volume to date and surpassing the trading volumes of companies like Netflix and Visa. The total spot Bitcoin ETF trading volume crossed $6 billion, with BlackRock's IBIT accounting for over half of it. Bitcoin's price surged 7% to a new all-time high of $76,406, reflecting increased demand and investor interest. The surge in trading volume is attributed to Wall Street's heightened interest in Bitcoin ETFs amid the market response to the election results. Other Bitcoin ETFs also saw significant increases, with most achieving double their average daily volume.