Crypto NewsAnalysisAs Bitcoin Rally Continues, BlackRock Breaks New Record! Spot Ethereum ETFs Experience...

As Bitcoin Rally Continues, BlackRock Breaks New Record! Spot Ethereum ETFs Experience Biggest Inflow! Here Are the Details…

While Bitcoin broke a new record by rising above $89,000, BlackRock's spot Bitcoin ETF also broke a new record in daily trading volume.

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The leading cryptocurrency Bitcoin (BTC) is running from record to record with Trump being elected as the 47th US president. At this point, BTC broke a new record by rising above $ 89,000, while BlackRock's spot Bitcoin ETF also broke a new record in daily trading volume.

BlackRock's spot Bitcoin ETF recorded a daily trading volume of $4.5 billion on Monday, amid a rally in BBTC.

Bloomberg ETF analyst Eric Balchunas wrote in a post on his X account that Bitcoin surpassed $88,000 for the first time on Monday, while the BlackRock spot BTC ETF broke a new record in daily trading volume.

BlackRock broke records in daily trading volume, while US spot Bitcoin ETFs saw net inflows of $1.12 billion on November 11, according to data from Farside Investors.

BlackRock's IBIT recorded the largest inflow with $763.6 million, followed by Fidelity's FBTC with $135.1 million.

Ark Invest’s ARKB saw inflows of $108.6 million, Bitwise’s BITB $42.7 million, Invesco’s BTCO $8.7 million, Franklin’s EZBC $10.1 million, Grayscale’s BTC Mini Trust $28.2 million, and Grayscale’s GBTC $24.2 million.

US spot Ethereum ETFs also saw total net inflows of $294.9 million on November 11, according to data from Farside Investors.

According to the data, these inflows in spot Etheruem ETFs marked the largest net inflow to date, with Fidelity’s FETH recording the largest net inflow of $115.5 million. BlackRock’s ETHA followed with $100.5 million, while Grayscale’s mini ETH saw net inflows of $63.3 million and Bitwise’s ETHW saw net inflows of $15.6 million. Other ETFs did not report significant net inflows or outflows during the day.

Last week, just days after Trump’s victory, the BlackRock spot Bitcoin ETF saw net inflows of over $1.1 billion, setting a new record for single-day inflows.

Related News  Donald Trump Victory Sets Record Highs for Bitcoin and BlackRock! BlackRock's Bitcoin ETF Reaches $4 Billion Trading Volume!

Bitcoin continues to trade at $88,500 at the time of writing.

*This is not investment advice.



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