On November 6, during the rise in the Bitcoin exchange rate, the trading volume of BTC- ETF from BlackRock reached a record high.
IBIT [iShares Bitcoin Trust] set a record for trading volume, reaching $4,1 billion in a single day… For context, that’s more than the value of shares traded by companies like Berkshire, Netflix, and Visa.
The derivative's shares also increased in value by 10%, the second highest since the fund was launched [in January 2024], said analyst ETF Eric Balchunas.
Change in trading volume of iShares units Bitcoin Trust
On Wednesday, the total trading volume of US stocks bitcoin ETF also rose to an all-time high of $6 billion, as the value of shares sold in most derivatives doubled their average, with IBIT accounting for more than two-thirds of the funds' units purchased.
November 6 issuers bitcoin ETF fixed capital inflow of $621,9 million. In exchange for the issued shares, companies are buying on the BTC market, so the growth in the level of capitalization of funds spurred an upward movement in the cryptocurrency market, during which the coin rate updated the record level at $76. But then a correction began, as a result of which the digital asset fell in price by 485%.
