Donald Trump

Spot

BlackRock

<ul class="wp-block-list"> 
 <li>BlackRock IBIT reached its highest daily volume of $4.1B on US presidential election day.&nbsp;</li> 
 <li>The U.S. spot Bitcoin ETFs recorded $621.90 million in net inflows on Nov 6.</li> 
</ul> 
The victory of Donald Trump in the U.S. presidential election race has impacted the broader financial markets. Particularly, the cryptocurrency market and the related investment products.&nbsp; 
With <a href="https://thenewscrypto.com/bitcoin-shows-price-consolidation-post-us-election-pump-and-volatility/" target="_blank" rel="noreferrer noopener">Bitcoin</a> (BTC) surging past $76K, the US spot Bitcoin ETFs have witnessed an escalation in trading volumes and inflows. Notably, BlackRock’s Bitcoin ETF, IBIT, reached its peak trading level, recording an all-time high daily volume of $4.1 billion. Notably, the volume of IBIT reached $1 billion in the first 20 minutes of the trading day that opened after Trump’s <a href="https://thenewscrypto.com/polymarket-at-risk-of-ban-in-france-after-2024-us-election/" target="_blank" rel="noreferrer noopener">victory</a>. 
Eric Balchunas, Bloomberg ETF analyst, <a href="https://x.com/EricBalchunas/status/1854281747082477696" target="_blank" rel="noreferrer noopener nofollow">reported</a> the enormous volume of IBIT. Moreover, cited that it surpassed the trading volumes of major stocks such as Berkshire Hathaway, Netflix, and Visa.&nbsp; 
Nate Geraci, President of ETF Store, predicted that the daily net <a href="https://x.com/NateGeraci/status/1854358919805886880" target="_blank" rel="noreferrer noopener nofollow">inflows</a> into spot Bitcoin ETFs could top $1 billion by the end of the week, suggesting that the market might be on the verge of exceptional performance. 
<h3 class="wp-block-heading" id="h-inflows-into-bitcoin-etfs">Inflows into Bitcoin ETFs</h3> 
The US Spot Bitcoin ETFs recorded daily net <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noreferrer noopener nofollow">inflows</a> on November 6, with a total of $621.90 million entering the funds. Spot Bitcoin ETFs like Fidelity’s FBTC led the inflow with $308.77 million added to its holdings. 
Followed by ARK 21Shares’ ARKB, Grayscale Bitcoin Mini Trust, and Bitwise BITB with inflows of $127 million, $108.81 million, and $100.92 million, respectively.&nbsp;Besides, Grayscale’s GBTC and VanEck’s HODL registered moderate inflows of $30.91 million and $17.18 million, respectively.&nbsp; 
On the other hand, BlackRock’s iShares Bitcoin Trust confronted outflows of $69.11 million, deviating from the positive momentum observed across the range of spot Bitcoin ETFs.&nbsp; 
In addition, The US Spot Ethereum ETFs posted positive net inflows. On November 6, Ethereum ETFs had a combined total of $52.29 million in inflows, with Grayscale’s mini trust and Fidelity’s FETH securing $25.39 million and $26.90 million, respectively.&nbsp;

BlackRock IBIT Breaks Volume Records Amid Trump’s Win

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