24/7 Cryptocurrency News

BlackRock Bitcoin ETF Surpasses Trading Volumes of Berkshire and VISA Stocks

BlackRock Bitcoin ETF (IBIT) saw its highest-ever daily trading volume since launch, with total inflows reaching $621 million yesterday.
Published by
BlackRock Bitcoin ETF Surpasses Trading Volumes of Berkshire and VISA Stocks

Highlights

  • BlackRock's iShares Bitcoin Trust (IBIT) clocked a staggering $4.1 billion in daily trading volume.
  • Fidelity’s FBTC led with $300 million in inflows while IBIT saw $68 million in outflows.
  • Analyst Dylan LeClair predicts that soon as Donald Trump takes charge, we could be seeing US govt accumulating BTC.

Spot Bitcoin ETFs saw strong inflows following Donald Trump’s victory on November 6, while reversing its outflow trajectory over the past few days. BlackRock’s BTC ETF (IBIT) once again managed to hit a significant milestone with daily trading volumes for the IBIT share crossing $4.1 billion, surpassing the likes of top stocks Visa and Berkshire Hathaway.

Advertisement

BlackRock Bitcoin ETF Overtakes Berkshire, VISA Stocks

On Wednesday, November 6, the iShares Bitcoin Trust (IBIT) reached its largest-ever traded volume of $4.1 billion. For comparison, this trading volume exceeded that of major stocks like Berkshire Hathaway, Netflix, and Visa on the same day.

On the other hand, the shares of BlackRock Bitcoin ETF (IBIT) surged by 10% yesterday, while marking its second-best performance since launch. Bloomberg ETF strategist Eric Balchunas noted that this high volume could likely lead to inflows in the coming days, signaling increased investor interest and confidence in the fund.

Together, the group of nine US Bitcoin ETFs did a total trading volume of $6 billion yesterday, marking their highest single-day performance since launch in January. Balchunas noted that most Bitcoin ETFs saw trading activity double their daily average, highlighting the growing momentum and investor interest in this emerging asset class. He also described the milestone as a “banger day” for the young ETF category, which continues to exceed expectations.

Advertisement

Fidelity’s FBTC Leads the Pack

On Wednesday, the Fidelity Bitcoin ETF (FBTC) led the pack with more than $300 million in inflows. Other players also participated with Ark Invest’s ARKB seeing $127 million in inflows, Bitwise’s BITB seeing $100.9 million in inflows, and Grayscale’s mini ETF (BTC) also seeing over $100 million in inflows. Despite the strong trading volumes, BlackRock’s IBIT saw total outflows at $68 million, as per data from Farside Investors.

These inflows can once again gather pace as Donald Trump takes over the White House office in January 2025. Following Bitcoin’s all-time high yesterday, analysts are predicting the beginning of a new dawn for BTC under the Trump administration. Popular Bitcoin strategist Dylan LeClair stated:

“You have approximately three months until the U.S. Government puts into law active accumulation of bitcoin as a strategic reserve asset. Other sovereigns will be discreetly front running. The clock has already started”.

Following nearly 20 hours since the US election results, the Bitcoin price has been holding firmly above $75,000 as investors await the FOMC meeting on Thursday. A Fed rate cut of an additional 25 basis points could propel Bitcoin to new highs as investors await the rally to $100K.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Pi Network Mainnet to Get Major Upgrade in Q4, Says Expert

Over the past month, the Pi Network testnet has been actively testing the Protocol v23…

October 9, 2025
  • 24/7 Cryptocurrency News

Bitwise Solana ETF to Launch This Week as It Amends Staking, Fees? Bloomberg Weighs In

Bitwise Solana ETF (BSOL) is likely gearing up for launch this week as the issuer…

October 9, 2025
  • 24/7 Cryptocurrency News

Canary Capital Trump Coin ETF Secures DTCC Listing as Expert Predicts Price Breakout

Canary Capital’s Trump Coin ETF has been listed on the Depository Trust & Clearing Corporation…

October 9, 2025
  • 24/7 Cryptocurrency News

Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal

Polymarket founder Shayne Coplan has sparked speculation about a potential native token launch following a…

October 9, 2025
  • Bitcoin News

FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces

The FOMC minutes have signaled a dovish shift from the Fed officials, who look likely…

October 9, 2025
  • 24/7 Cryptocurrency News

North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps

North Dakota is set to become the second U.S. state to issue a stablecoin, named…

October 8, 2025