BlackRock’s Bitcoin ETF Hits Daily Volume Record of $10B
Cointelegraph reports that BlackRock’s iShares Bitcoin Trust (IBIT) hit an all-time daily trading volume record on Thursday, with $10 billion worth of shares trading hands, Bloomberg ETF analyst Eric Balchunas said on X. Traders were active in IBIT as Bitcoin plummeted, falling 12% in the last 24 hours.
Balchunas added that IBIT dropped 13% on the day, its 'second-worst daily price drop since it launched,' with its biggest daily price crash at 15% on May 8, 2024. On Wednesday the ETF posted net outflows totalling $373.4 million and has had just 10 trading days of net inflows so far in 2026; the fund has struggled to maintain consistent inflows since a crypto market crash in early October.
Bitcoin fell to about $64,000 after hitting a low of $60,300, down around 50% since its all-time high of about $126,000 in early October, according to CoinGecko data.