BlackRock’s Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), recorded its highest-ever daily trading volume, surpassing $4.1 billion on Nov. 6, following Donald Trump’s victory in the U.S. presidential election. Bloomberg ETF analyst Eric Balchunas highlighted the milestone in a post on X, noting that this trading volume outpaced major stocks like Berkshire Hathaway, Netflix, and Visa. He also mentioned IBIT’s 10% rise, marking its second-best performance since its launch.

Other Bitcoin ETFs experienced a similar surge, achieving volumes double their average, reminiscent of their early trading days in January. The boost came as Bitcoin soared to a new all-time high of $76,500 on Nov. 6, before settling slightly at $75,267, based on TradingView data.

Bitcoin’s dominance in the ETF market has been significant throughout 2024, with six of the year’s top 10 ETF launches linked to the cryptocurrency, according to Nate Geraci, president of ETF Store. Analysts are optimistic that Trump’s pro-crypto policies could bolster not only Bitcoin but also other digital assets.

This year, asset managers have submitted numerous regulatory filings for ETFs involving altcoins such as Solana, XRP, and Litecoin. Plans for diversified crypto index ETFs, which would hold a mix of tokens, are also pending approval. Balchunas previously called these filings “call options on a Trump victory,” underscoring their strategic timing.

With Trump set to take office in January, market experts like Fadi Aboualfa from Copper.co believe Bitcoin could reach $100,000 by the time of his inauguration on Jan. 20, reinforcing bullish forecasts and high investor confidence.