BlackRock Bitcoin ETF single-day trading volume surpasses $8 billion
Jinse Finance reported that the US spot Bitcoin ETF experienced unprecedented trading activity on November 21. The iShares Bitcoin Trust (IBIT) under BlackRock reached a single-day trading volume of $8 billion, setting a new record since its inception and pushing the total daily trading volume of all Bitcoin ETFs in the market to a historic high of $11.5 billion. Amid intense volatility, institutional investors actively rebalanced their portfolios. After Bitcoin retreated more than 30% from its peak and stabilized around $84,000, trading volumes surged. Despite the active trading, IBIT recorded a net capital outflow of approximately $122 million that day. ETF analyst Eric Balchunas stated that this reflects a "large-scale liquidity rotation" rather than a sustained capital withdrawal. Bitcoin is currently down about 24% for November, and has fallen roughly one-third from its all-time high of around $126,000 earlier this year.
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