Bitcoin ETF: Blackrock Sees 6th Day of $1 Bln Trading Volume As Bull Run Continues
Highlights
- The surge in Bitcoin ETF performance has also led to the surge in Bitcoin prices, which have crossed the much-awaited $65,000 mark.
- The demand for these ETFs, according to Bitwise Asset Management CIO Matt Hougan, "far exceeded anyone's expectations."
- Digital assets marked high weekly inflows last week.
Bitcoin ETFs have shattered multiple records with exceptionally high trading volumes and inflows. Out of all, Blackrock has seen the most success after being the one leading the pack. On Monday, Blackrock’s IBIT saw another day of around $1 billion in trading volumes, making it the sixth consecutive trading session. The surge in Bitcoin ETF performance has also led to the surge in Bitcoin prices, which have crossed the much-awaited $65,000 mark.
Blackrock’s Bitcoin ETF Marks Another Session of $1 Billion Trading Volume
According to data, for the sixth day running, BlackRock’s spot Bitcoin ETF has seen trading volume reach $1 billion. Blackrock’s upbeat performance has also pushed it to be among the top 5 in the entire ETF market. Earlier, IBIT had taken the seventh position in the overall ETF chart. However, a rise in risk appetite from investors and a surging demand led to Blackrock seeing exceptionally high inflows and trading volume.
Also Read: Crypto Stocks Rally After Massive $1.8B Bitcoin, ETH ETF Inflow
Bitwise CIO Terms Bitcoin ETF as the “Most Successful” ETF
In an interview with Yahoo Finance, Bitwise CIO expressed his opinion on the current success of Bitcoin ETFs.
The demand for these ETFs, according to Bitwise Asset Management CIO Matt Hougan, “far exceeded anyone’s expectations.” These are the most successful ETF launches ever by any measure, he adds.
According to Matt Hougan’s earlier statements, there is currently an excess of demand and a shortage of supply for Bitcoin. It is more likely that investors will pay exorbitant rates for a small percentage of asset exposure when there is a shortage of the initial coin. This same supply shock has also created a huge demand pool for both BTC and Bitcoin ETFs.
Digital Assets see High Weekly Inflows
A remarkable $1.84 billion inflow into digital asset investment products was noted in CoinShares’ report; this represents the second-largest weekly inflow on record. Interestingly, record-breaking trade volumes—which exceeded $30 billion for the week—accompanied this spike.
As for the inflows, Bitcoin led the way with $1.73 billion, or 94% of the total. Furthermore, there was a notable surge in Ethereum as well, with inflows reaching $85 million, the biggest level since mid-July 2022.
- US Shutdown: Bitcoin, Gold, and Silver Rally as Govt. Shutdown Odds Jump to 85% on Polymarket
- SEC Halts Trading In Solana Treasury Stock QMMM After Share Price Surges 959%- Market Manipulation?
- BREAKING: BlackRock Amends Bitcoin ETF (IBIT), Ethereum ETF (ETHA) Amid New Milestone
- Bloomberg Analyst Says XRP ETF Approval Odds Now 100% as Expert Eyes $33 Rally
- Hester Peirce Says US SEC Willing to Foster DePIN and RWA Tokenization Projects
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
- Aster Price Prediction as US President Adds $110M Worth of Tokens to His Portfolio
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
