Reported 14 days ago
On November 6, BlackRock's iShares Bitcoin Trust (IBIT) reached an unprecedented trading milestone, with a record volume of $4.1 billion in a single day, following Donald Trump's reelection. This surge indicates increased institutional and retail interest in crypto ETFs, as Bitcoin's price approaches record highs. Analysts note that the rise of financial giants like BlackRock may raise concerns over Bitcoin's decentralization, while the political climate adds further complexity, potentially influencing crypto ETF inflows.
Source: YAHOO