{"id":99057,"date":"2024-11-07T01:53:35","date_gmt":"2024-11-07T05:53:35","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=99057"},"modified":"2024-11-07T01:54:40","modified_gmt":"2024-11-07T05:54:40","slug":"blackrock-bitcoin-etf-tops-berkshire-visa-stock","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blackrock-bitcoin-etf-tops-berkshire-visa-stock\/","title":{"rendered":"BlackRock Bitcoin ETF Tops Berkshire, VISA in Trading Volumes"},"content":{"rendered":"\n

BlackRock Bitcoin ETF (IBIT) <\/a>recorded the highest daily trading activity since its debut, with total inflows reaching $621 million following Trump's victory.<\/p>\n\n\n\n

\"BlackRock<\/figure>\n\n\n\n

Following Donald Trump\u2019s recent victory as the U.S. President, spot Bitcoin ETFs surged, reversing recent outflows. <\/p>\n\n\n\n

BlackRock\u2019s iShares Bitcoin Trust (IBIT) saw daily trading volumes soar to an impressive $4.1 billion, surpassing the volume of popular stocks such as Visa and Berkshire Hathaway on Wall Street.<\/p>\n\n\n\n

BlackRock\u2019s Bitcoin ETF Outpaces Berkshire and Visa<\/h2>\n\n\n\n

On November 6, the IBIT achieved a record trading volume of $4.1 billion, surpassing major stocks like Berkshire Hathaway, Netflix, and Visa on the same day. <\/p>\n\n\n\n

Additionally, IBIT shares surged by 10%\u2014marking its second-best performance since launch. <\/p>\n\n\n\n

Bloomberg\u2019s ETF strategist, Eric Balchunas, noted that this high volume could lead to more inflows soon, reflecting growing investor confidence in the fund.<\/p>\n\n\n\n

\n

$IBIT\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> just had its biggest volume day ever with $4.1b traded.. For context that's more volume than stocks like Berkshire, Netflix or Visa saw today. It was also up 10%, its second best day since launching. Some of this will convert into inflows likely hitting Tue, Wed night pic.twitter.com\/vy2zJBwaHd<\/use><\/svg><\/span><\/a><\/p>— Eric Balchunas (@EricBalchunas) November 6, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

On this record-setting day, nine U.S. Bitcoin ETFs collectively reached $6 billion in trading volume, marking their highest single-day performance since launching in January. <\/p>\n\n\n\n

Balchunas described it as a \u201cbanger day\u201d for the burgeoning ETF market, which continues to defy expectations.<\/p>\n\n\n\n

Fidelity\u2019s FBTC Leads Inflows<\/h2>\n\n\n\n

Fidelity\u2019s Bitcoin ETF (FBTC) <\/a>recorded the highest inflows, with more than $300 million, followed by Ark Invest\u2019s ARKB at $127 million, Bitwise\u2019s BITB at $100.9 million, and Grayscale\u2019s mini ETF at over $100 million. <\/p>\n\n\n\n

Although IBIT experienced high trading volumes, it still saw $68 million in outflows, according to Farside Investors<\/use><\/svg><\/span><\/a>.<\/p>\n\n\n\n

These inflows could continue to grow as Donald Trump assumes office in January 2025. <\/p>\n\n\n\n

Following Bitcoin\u2019s all-time high yesterday, analysts anticipate a bullish future for BTC under Trump\u2019s administration. Bitcoin strategist Dylan LeClair suggested, <\/p>\n\n\n\n

\n

\u201cYou have approximately three months until the U.S. Government puts into law active accumulation of bitcoin as a strategic reserve asset. Other sovereigns will be discreetly front running. The clock has already started.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Nearly 20 hours after the election results, Bitcoin\u2019s price has held above $75,000 as investors look forward to the upcoming FOMC meeting. <\/p>\n\n\n\n

If the Fed opts for an additional 25-basis-point rate cut, Bitcoin could continue its upward trajectory, potentially reaching $100,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

BlackRock Bitcoin ETF (IBIT) recorded the highest daily trading activity since its debut, with total inflows reaching $621 million following Trump’s victory. Following Donald Trump\u2019s recent victory as the U.S. President, spot Bitcoin ETFs surged, reversing recent outflows. BlackRock\u2019s iShares Bitcoin Trust (IBIT) saw daily trading volumes soar to an impressive $4.1 billion, surpassing the […]<\/p>\n","protected":false},"author":56,"featured_media":99061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21076,18741,19121,22695,727],"class_list":["post-99057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-berkshire-hathaway-2","tag-blackrock-bitcoin-etf","tag-ibit","tag-ibit-share-price","tag-visa"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/BlackRock-Bitcoin-ETF-Tops-Berkshire-VISA-in-Trading-Volumes.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=99057"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99061"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=99057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=99057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=99057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}