{"id":18499,"date":"2024-11-12T10:03:47","date_gmt":"2024-11-12T08:03:47","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrocks-spot-bitcoin-etf-trading-volume-hits-record-4-5-billion\/"},"modified":"2024-11-12T10:03:47","modified_gmt":"2024-11-12T08:03:47","slug":"blackrocks-spot-bitcoin-etf-trading-volume-hits-record-4-5-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blackrocks-spot-bitcoin-etf-trading-volume-hits-record-4-5-billion\/","title":{"rendered":"BlackRock&#8217;s Spot Bitcoin ETF Trading Volume Hits Record $4.5 Billion"},"content":{"rendered":"<p>On November 11, the iShares Bitcoin Trust ETF by BlackRock reached a historic trading volume of $4.5 billion. Bloomberg analyst Eric Balchunas highlighted this milestone.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Bitcoin Industrial Complex (ETFs + MSTR, COIN) saw $38b in trading volume today, lifetime records being set all over the place, incl <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IBIT<\/a> which did $4.5b, which points to a robust week of inflows. Just an insane day, it really deserves a name a la Volmageddon <a href=\"https:\/\/t.co\/rcOLs0MhNF\">pic.twitter.com\/rcOLs0MhNF<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1856081711706030300?ref_src=twsrc%5Etfw\">November 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The previous record was $4.14 billion, which preceded a historic inflow of $1.12 billion into the product (and $1.38 billion into the sector overall).<\/p>\n<p>The expert noted that a repeat of this situation could be expected.<\/p>\n<p>According to Balchunas&#8217;s calculations, the total trading volume of bitcoin-related instruments amounted to $38 billion.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cJust an insane day, it really deserves a name a la \u2018<span data-descr=\"volume (trading volume) + armageddon\" class=\"old_tooltip\">Volmageddon<\/span>\u2019,\u201d<\/em> he commented.<\/p>\n<\/blockquote>\n<p>This occurred against the backdrop of the ongoing rally of the leading cryptocurrency, reaching a new <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> near $89,000.<\/p>\n<p>On November 11, inflows into spot bitcoin ETFs amounted to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">$357.6 million<\/a>, with a record trading volume of $7.3 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1289.webp\" alt=\"1-1289\" class=\"wp-image-244973\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Cumulative inflows <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">since the approval<\/a> of BTC-ETFs in January have increased to $26.2 billion.<\/p>\n<p>Earlier, Bernstein predicted that if Donald Trump wins the US presidential election, bitcoin could reach $80,000-90,000.<\/p>\n<p>Previously, the company&#8217;s specialists urged investors to add crypto assets to their portfolios as soon as possible. They recommended acquiring a basket of digital assets, including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE, and LINK. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 11, the iShares Bitcoin Trust ETF by BlackRock reached a historic trading volume of $4.5 billion. Bloomberg analyst Eric Balchunas highlighted this milestone. The Bitcoin Industrial Complex (ETFs + MSTR, COIN) saw $38b in trading volume today, lifetime records being set all over the place, incl $IBIT which did $4.5b, which points to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,569,1145],"class_list":["post-18499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-etf","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18499"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18498"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}