BlackRock’s spot bitcoin ETF posts $10 billion daily volume record as BTC records major intra-day decline: Bloomberg

BlackRock's iShares Bitcoin Trust (IBIT) achieved a new single-day trading volume record of $10 billion, according to Bloomberg ETF analyst Eric Balchunas. This record volume occurred on the same day IBIT's price fell by 13%, marking its second-worst daily decline since launch. This volume surpasses its previous record of about $8 billion set on November 21st, with typical busy days seeing around $3 billion in trades. The surge in trading volume coincided with a major downturn in crypto prices, where Bitcoin experienced one of its largest intraday drops, falling from around $73,100 to near $62,400, a nearly 15% decline, and dropping below $70,000 for the first time in 15 months. The broader crypto market cap also fell significantly, and IBIT remains the largest spot bitcoin ETF with approximately $56 billion in assets.

(Source：The Block)