BlackRock's Bitcoin ETF, IBIT, broke its daily trading volume record with over $4.2 billion on November 7, 2024, following Trump's election win.
The ETF's trading volumes surged significantly, with a notable spike after October 11, signaling growing market interest.
BlackRock's Bitcoin ETF's strong performance reflects increasing institutional attention on Bitcoin, confirming the asset's rising popularity in traditional markets.
The results of the 2024 U.S. presidential election played a significant role in boosting Bitcoin ETF trading volumes, highlighting the connection between Bitcoin and global events.