BlackRock Bitcoin ETF Records $10B Daily Volume
Traders were active in BlackRock’s iShares Bitcoin Trust ETF on Thursday as Bitcoin plummeted, falling 12% in the last 24 hours. BlackRock’s spot Bitcoin exchange-traded fund (ETF) has reportedly seen an all-time peak…
Trading in BlackRock’s iShares Bitcoin Trust (IBIT) surged to a record $10 billion in daily volume as Bitcoin tumbled, Bloomberg ETF analyst Eric Balchunas reported on X. The ETF dropped about 13% that day — its second-largest single-day loss since launch, behind a 15% slide on May 8, 2024.
IBIT suffered net outflows of $373.4 million on Wednesday. The fund has logged only 10 trading days with net inflows so far in 2026 and has struggled to maintain steady net buying since the crypto market crash in early October.
Bitcoin itself fell roughly 12% over the prior 24 hours to about $64,000 after briefly dipping to $60,300, according to CoinGecko, leaving the cryptocurrency roughly 50% below its early-October peak near $126,000. IBIT mirrored much of that move, sliding from a near-$70 level in early October to about $36.10 at Thursday’s close — a decline of roughly 48%.
Bob Elliott, chief investment officer at Unlimited Funds, said the average dollar invested in IBIT was underwater at market close on Friday. Market participants have pointed to weak U.S. jobs data and heavy capital flows into the artificial intelligence sector as contributors to the recent sell-off.
Veteran trader Peter Brandt and other analysts cautioned the downturn could extend, highlighting signs of large-scale selling with limited buying support.
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