BlackRock’s spot Bitcoin exchange-traded fund saw unprecedented trading activity as investors reacted to a sharp downturn in the crypto market.
IBIT Records Highest Daily Trading Volume
The iShares Bitcoin Trust ETF (IBIT) reached a record $10 billion in daily trading volume on Thursday, marking its most active session since launch. The surge came as Bitcoin experienced a steep sell-off, falling 12% within 24 hours. Heavy volumes reflected heightened investor repositioning rather than fresh inflows, as traders moved quickly amid market volatility.
Eric Balchunas said on X;
IBIT’s share price dropped around 13% on the day, making it one of its worst single-day declines to date. The fund has now logged only 10 sessions of net inflows in 2026, highlighting weakening investor confidence following months of price pressure.
Bitcoin Price Decline Pressures ETF Performance
Bitcoin briefly slid to $60,300 before rebounding toward $64,000, extending a broader downtrend that has erased roughly 50% of its value since the October peak near $126,000. IBIT has mirrored that trajectory, falling from nearly $70 in October to about $36 at the latest close.
The latest downturn has been linked to soft U.S. labor data and rising unease over capital concentration in the artificial intelligence sector. Market observers note reduced buying support, suggesting volatility may persist as investors reassess risk exposure across digital assets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.