BlackRock's Bitcoin ETF reached unprecedented trading volumes, totaling $4.1 billion on its most active day ever. This significant trading activity came in the wake of Donald Trump's reelection as president of the United States.
Such a substantial trading volume indicates heightened investor interest in Bitcoin and its associated ETFs. BlackRock, a key player in the financial sector, leads the charge in bridging traditional finance with the burgeoning world of cryptocurrency.
The event underscores the growing influence of political events on cryptocurrency markets, as investors respond to broader economic and political shifts.
Source: cointelegraph.com ↗