Bitcoin frenzy spun $1b volume in 25 minutes for BlackRock’s ETF
Bitcoin’s multi-day surge to consecutive new highs has caught Wall Street’s attention, with billions flowing into crypto ETFs since the beginning of November and the U.S. elections.
Bitcoin (BTC) investors traded $1 billion of BlackRock’s IBIT fund within the first 25 minutes of U.S. market trading, continuing a BTC-led trend that has incentivized retail and institutional capital deployment. Initial volumes on Tuesday, Nov. 12, followed staggering figures from Monday, Nov. 11, as Bitcoin recorded its largest single-day and weekly gains in its 15-year history.
Inflows to U.S. spot BTC exchange-traded funds exceeded $1 billion for the second time this month. Wall Street’s spot BTC ETF group reached $90 billion…
