Donald Trump's victory in the U.S. elections triggered an increase in interest for Bitcoin ETFs, reflected in record trading volumes for several funds.
BlackRock's Record Trading Volumes
On November 6, BlackRock's iShares Bitcoin Trust ETF (IBIT) reached a daily trading volume of $4.1 billion, surpassing major companies like Visa and Berkshire Hathaway. This marked the ETF's second-highest performance since its launch, with an increase of 10%.
Fidelity Bitcoin ETF Gains Popularity
On the same day, Fidelity's Bitcoin ETF became the most preferred fund, attracting over $300 million. Meanwhile, Ark Invest's ARKB saw $127 million in inflows, and Bitwise's BITB received $100.9 million. Grayscale's mini ETF also surpassed $100 million, while BlackRock's IBIT experienced an outflow of $68 million.
A Record Day for ETFs
A total of nine U.S. Bitcoin ETFs recorded their best performance since January, with daily trading volumes exceeding $6 billion. Experts believe that this growth in volumes indicates rising investor interest in Bitcoin ETFs and could signal new market developments.
The increased interest in Bitcoin ETFs following Donald Trump's victory underscores the growing attention on cryptocurrencies and their potential in traditional financial markets.
