BlackRock’s Bitcoin ETF Hits Record $4.1B Trading Day After Trump Win

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Following Donald Trump’s presidential win, BlackRock’s iShares Bitcoin Trust (IBIT) recorded its highest trading day ever on November 6, with a staggering $4.1 billion in volume. Bloomberg analyst Eric Balchunas noted that IBIT outpaced major stocks like Berkshire Hathaway and Netflix in trading volume, seeing a 10% price jump. Bitcoin also hit a new all-time high of $76,500 as bullish sentiment surged. Analysts suggest that Trump’s pro-crypto stance could drive Bitcoin to $100,000 by his inauguration, fueling optimism across the crypto ETF market.