After the election of Donald Trump as the new president of the USA, spot Bitcoin 
$73,968 There has been an interesting change of direction in ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) ETF attracted attention by surpassing $4.1 billion in daily trading volume, outpacing leading stocks on Wall Street like Visa and Berkshire Hathaway.
BlackRock Bitcoin ETF Reached High Volume
On Wednesday, November 6, IBIT reached a peak of $4.1 billion in daily trading volume. This volume managed to surpass the transaction volumes of giants such as Visa, Berkshire Hathaway and Netflix on the same day. BlackRock Bitcoin ETF is up 10%, its second-highest performer since launch.
Bloomberg ETF strategist Eric Balchunas stated that this high volume could soon translate into IBIT content. Balchunas said, “Today IBIT exceeded the volume of giant stocks such as Visa and Netflix, at the same time rising by 10%. “It is estimated that these flows will return to the fund within a few days,” he said.
Fidelity Bitcoin ETF Featured
On the same day, Fidelity Bitcoin ETF (FBTC) became the most preferred ETF with inflows exceeding $300 million. Ark Invest’s ARKB saw inflows of $127 million, while Bitwise’s BITB saw inflows of $100.9 million. Grayscale’s mini ETF also surpassed $100 million, while BlackRock’s IBIT experienced an outflow of $68 million.
Interest in Bitcoin is expected to increase when Trump takes office as president in January 2025. After Bitcoin reached a new peak, analysts suggest that a different era may begin for Bitcoin under the Trump administration.
One analyst said, “In about three months, the US government may treat bitcoin as a strategic reserve asset. “Other countries can also lead this,” he said.
In the 20 hours following the US election results, Bitcoin remained above the $75,000 level. Investors think Bitcoin could reach new highs if the Fed announces a 25 basis point interest rate cut at the FOMC meeting on Thursday.
Record Day for ETFs
A total of nine US Bitcoin ETFs recorded their best performance since January, with daily trading volume exceeding $6 billion. Balchunas emphasized that the trading volume of most Bitcoin ETFs is double the daily average and investor interest is increasing.
This reveals the potential of the Bitcoin ETF category. Analysts consider that this movement could be an important indicator for future market trends.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
