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BlackRock's Bitcoin ETF Sees Record Trading Volume in 6 Months

Mary Liu

Summary: BlackRock's spot Bitcoin ETF, "IBIT," experienced a record $3.3 billion in trading volume today, according to data from Bloomberg ETF analyst Eric Balchunas.  This surge comes despite a relatively modest 4% increase in Bitcoin's price, suggesting that investors may be experiencing FOMO (fear of missing out) and are rushing to gain exposure to the cryptocurrency.

BlackRock's spot Bitcoin ETF, "IBIT," experienced a record $3.3 billion in trading volume today, according to data from Bloomberg ETF analyst Eric Balchunas. 

This surge comes despite a relatively modest 4% increase in Bitcoin's price, suggesting that investors may be experiencing FOMO (fear of missing out) and are rushing to gain exposure to the cryptocurrency.

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