- November 7, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
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The post BlackRock’s Bitcoin ETF Hits Record $4.1B Trading Day After Trump Win appeared first on Coinpedia Fintech News
Following Donald Trump’s presidential win, BlackRock’s iShares Bitcoin Trust (IBIT) recorded its highest trading day ever on November 6, with a staggering $4.1 billion in volume. Bloomberg analyst Eric Balchunas noted that IBIT outpaced major stocks like Berkshire Hathaway and Netflix in trading volume, seeing a 10% price jump. Bitcoin also hit a new all-time high of $76,500 as bullish sentiment surged. Analysts suggest that Trump’s pro-crypto stance could drive Bitcoin to $100,000 by his inauguration, fueling optimism across the crypto ETF market.
