BlackRock's IBIT Achieves Record Daily Volume of $10B During Bitcoin Decline

On a day marked by Bitcoin's 12% drop, BlackRock's iShares Bitcoin Trust ETF saw unprecedented trading activity, reaching a volume of $10 billion.

In a notable turn of events, BlackRock's iShares Bitcoin Trust ETF, commonly referred to as IBIT, experienced a surge in trading activity on Thursday. This uptick occurred concurrently with a significant decline in Bitcoin's value, which plummeted by 12% over the previous 24 hours.

The trading volume for IBIT reached a staggering $10 billion, reflecting heightened interest from investors amidst the cryptocurrency's downturn. This spike in activity indicates a growing trend where traders are actively engaging with Bitcoin-related financial products, even during turbulent market conditions.