After Trump won the election, BlackRock's spot Bitcoin ETF reached US$1 billion in trading volume in 20 minutes."
Internet reports that the day after Donald Trump won the U.S. presidential election, trading volume of the BlackRock Spot Bitcoin ETF (IBIT) soared to US$1 billion within 20 minutes of opening. Eric Balchunas, senior ETF analyst at Bloomberg, said: "IBIT's trading volume reached US$1 billion in the first 20 minutes, which is almost its trading volume throughout the day. Other Bitcoin ETFs are facing the same situation, with crazy trading volumes. It is expected to set a record transaction volume." BlackRock's Bitcoin ETF manages approximately US$30 billion in assets, which is higher than other Bitcoin ETF products. According to Yahoo Finance, as of 1:10 pm EDT on Wednesday, BlackRock, Fidelity and Gray's spot Bitcoin ETF trading prices all rose about 8%.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
