Donald Trump

Bitcoin ETF

Bitcoin

Donald Trump emerged victorious after a closely contested election and became the 47th president of the United States.
Bitcoin, which is seen as a Trump trade, broke new records with Trump's victory and rose above $76,000 this morning.
While the BTC price is expected to increase further with Trump becoming president, the increasing interest in the BTC and cryptocurrency market has also been positively reflected in ETF inflows.
At this point, BlackRock spot Bitcoin ETF IBIT reached its highest volume with a daily trading volume of $4.1 billion on the day of the US presidential election.
While there was a large increase in the trading volume of other ETFs besides BlackRock, Bloomberg ETF analyst Eric Balchunas evaluated this situation.
Noting that BlackRock saw more volume than stocks such as Berkshire, Netflix or Visa saw on US election day, Balchunas added that BlackRock IBIT saw a trading volume of $1 billion in the first 20 minutes of the trading day that opened after Trump's victory.
Noting that ETFs other than BlackRock also saw significant increases in their daily trading volumes, the analyst said that the largest daily volume was recorded since March 14, with a total of $6 billion.
Accordingly, spot Bitcoin ETFs experienced a total net inflow of $622 million on November 6.
BlackRock ETF IBIT saw a record daily trading volume of $4.14 billion. Fidelity ETF FBTC had $309 million in inflows. Ark and 21Shares, Bitwise and Grayscale ETFs also recorded positive flows exceeding $100 million.
ETF Store president Nate Geraci also predicted that total daily net inflows for spot Bitcoin ETFs could top $1 billion by the end of this week, saying, “Let's see ETF flows for the rest of the week. My guess is that it's going to be record-breaking.”
In addition to Bitcoin ETFs, spot Ethereum ETFs also experienced a total net inflow of $52.2 million yesterday.
https://twitter.com/EricBalchunas/status/1854281747082477696
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/donald-trump-victory-sets-record-highs-for-bitcoin-and-blackrock-blackrocks-bitcoin-etf-reaches-4-billion-trading-volume/" rel="noopener noreferrer nofollow">Donald Trump Victory Sets Record Highs for Bitcoin and BlackRock! BlackRock's Bitcoin ETF Reaches $4 Billion Trading Volume!</a>

Donald Trump Victory Sets Record Highs for Bitcoin and BlackRock! BlackRock's Bitcoin ETF Reaches $4 Billion Trading Volume!

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