$BTC $ETH #hotTrends When there is cash flow from BTC ETF, the market trend fluctuates according to stock and gold prices, showing that the scale of cash flow pushes the rotation from capital flow to.
BlackRock's Bitcoin spot ETF has seen trading volume spike to a record high. BlackRock Bitcoin Trust (IBIT) is the largest and most liquid Bitcoin spot exchange-traded fund with over 238,500 Bitcoin, worth a staggering $15.63 billion.
Just recently, IBIT's daily trading volume hit a record high, surpassing the $10 billion mark.
Is this a one-time event?
The answer seems to be no because according to data from The Block the total volume has passed a major milestone, reaching $151.4 billion. This sustained increase in institutional participation indicates a long-term trend that has the potential to significantly impact Bitcoin's future trajectory.