BlackRock’s Bitcoin ETF Hits Daily Volume Record of $10B

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has reportedly seen an all-time peak each day buying and selling quantity as merchants responded to Bitcoin’s quickly crashing worth.

The iShares Bitcoin Belief ETF (IBIT) “crushed its each day quantity report” on Thursday, with $10 billion value of shares buying and selling arms, Bloomberg ETF analyst Eric Balchunas stated on X.

Balchunas added that IBIT dropped 13% on the day, its “second-worst each day worth drop because it launched,” with its largest each day worth crash coming in at 15% on Might 8, 2024.

On Wednesday, IBIT posted web outflows totalling $373.4 million, with the ETF having simply 10 buying and selling days of web inflows thus far in 2026. The ETF has struggled to keep up a constant stream of inflows since a crypto market crash in early October, as the worth of Bitcoin (BTC) continues to plummet.

Bitcoin has dropped 12% prior to now 24 hours to $64,000, climbing after hitting a low of $60,300. The cryptocurrency has fallen by round 50% since its all-time excessive of round $126,000 in early October, in line with CoinGecko knowledge. 

IBIT has adopted an analogous sample, hitting a peak of just about $70 in early October, and has since dropped round 48% to sit down at $36.10 as of the shut of buying and selling on Thursday.

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Bob Elliott, the funding chief at asset supervisor Limitless Funds, stated on Sunday that the typical greenback invested in IBIT is now underwater as of the market shut on Friday, which marked one other painful day for the fund.