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BlackRock's Bitcoin ETF Trades Hit $4B on Election Day

  • BlackRock's iShares Bitcoin Trust (IBIT) reached a record-high daily trading volume of $4 billion on US election day.
  • Other spot Bitcoin ETFs collectively saw a massive $6 billion in trades, the highest daily total since March 14.
  • 12 Bitcoin ETFs pulled in a net inflow of $621.9 million on the same day, with Fidelity's FBTC leading with $308.7 million in fresh investments.
  • The surge in trading volumes indicates growing interest and confidence in Bitcoin investments from mainstream investors, potentially paving the way for accelerated growth in the Bitcoin ETF market.

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