BlackRock’s spot Bitcoin ETF, known as IBIT, achieved a record-breaking trading volume of over $4 billion on November 6, as reported by Coinglass. This significant trading activity indicates a strong market interest in the Bitcoin ETF.
Despite the high trading volume, the ETF experienced a notable daily outflow amounting to $69 million, with additional outflows occurring earlier in the same week. Bloomberg provided further insights into these financial movements.
The fluctuation in trading volumes and outflows highlights the volatility and dynamic interest within the cryptocurrency market, particularly with investment products like Bitcoin ETFs.
