On Wednesday evening, BlackRock’s iShares Bitcoin Trust (IBIT) achieved its highest-ever daily trading volume of $4.1 billion, as the value of Bitcoin reached a new all-time high above $75,000 following Trump’s victory in the presidential race. IBIT recorded $1 billion in trading volume within 20 minutes of market opening, which is more volume than stocks like Berkshire, Netflix, or Visa saw that day.
The surge in trading volume shows growing confidence among investors in institutional crypto products and follows Trump’s promise of regulatory reform, industry support, and potential SEC leadership changes during his second term.
