BlackRock's Bitcoin Fund Reaches $10 Billion in Volume

Historic Volume Increase in BlackRock's Bitcoin ETF

BlackRock's spot Bitcoin ETF, IBIT, reached a record trading volume of over 284 million shares on Thursday. This surpassed the previous volume record with a nominal value exceeding 10 billion dollars.

This sudden increase in trading volume occurred while the IBIT price dropped by 13%, falling below $35. This marked the lowest level for IBIT since October 2024 and brought its year-to-date losses to 27%.

Wave of Fear and Selling Among Investors

Significant pullbacks, record trading volume, and especially increasing demand for trading options indicate rising concerns among investors. This situation may signal the most intense selling phase of a prolonged bear market.