BlackRock's iShares Bitcoin Trust (IBIT) recorded its highest-ever daily trading volume of $4.1 billion on November 6, 2024, coinciding with Bitcoin's surge to a new all-time high above $75,000. IBIT saw a massive inflow, amassing $1 billion in trading volume in just 20 minutes after markets opened, outperforming well-known stocks like Berkshire and Netflix. The trading spike reflects growing investor confidence in institutional crypto products amid supportive regulatory expectations following Donald Trump's election victory. Trump has proposed initiatives such as a national Bitcoin reserve and support for crypto regulations, fueling optimism in the market. Overall, U.S. spot Bitcoin ETFs reported a total trading volume of approximately $6 billion, highlighting the increased market exuberance. IBIT holds about 429,185 BTC valued at around $30 billion and offers a competitive fee structure, enhancing its appeal since its launch earlier in the year.

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