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BlackRock Bitcoin ETF breaks through $8 billion in one day

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2025-11-23 13:24:16
US spot bitcoin ETFs saw unprecedented trading heat on November 21. BlackRock's iShares Bitcoin Trust (IBIT) recorded a single-day trading volume of $8 billion, setting a new record since its establishment. The total market-wide bitcoin ETF turnover rose to a record high of $11.50 billion. Amid the violent fluctuations, institutional investors intensive position adjustment, bitcoin stabilized near $84,000 after falling more than 30% from its peak, which also contributed to the surge in trading volume. Despite the active trading, IBIT recorded a net outflow of about $122 million on the day. ETF analyst Eric Balchunas said this reflected a "massive liquidity rotation" rather than a sustained withdrawal of funds. Bitcoin is now down about 24% in November, down about a third from its all-time high of about $126,000 this year.
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