BlackRock's Bitcoin ETF Hits $10 Billion Daily Volume Amid BTC Drop

Bitcoin experienced a significant intra-day decline while BlackRock's ETF achieved a remarkable daily volume of $10 billion.

On Thursday, Bitcoin witnessed one of its most notable intra-day declines, plummeting from approximately $73,100 at market opening to a low of around $62,400. This sharp decrease marks a significant shift in the cryptocurrency's price trajectory.

In a contrasting development, BlackRock's spot Bitcoin exchange-traded fund (ETF) recorded an impressive daily trading volume of $10 billion, setting a new benchmark for the fund. This volume surge highlights the growing interest in Bitcoin investment products, despite the current volatility in the cryptocurrency market.