BlackRock’s Bitcoin ETF IBIT Hit $4.2 Billion in Trading Volume as Bitcoin Price Surpasses $91,000

Bitcoin Magazine

BlackRock’s Bitcoin ETF IBIT Hit $4.2 Billion in Trading Volume as Bitcoin Price Surpasses $91,000

BlackRock’s spot Bitcoin ETF, IBIT, recorded a massive $4.2 billion in trading volume today as the price of Bitcoin soared above $91,000 for the first time since early March. According to data from Barchart, IBIT traded a staggering 81,098,938 shares, ending the trading session at a price of $52.08.

The surge in ETF activity comes on the same day Bitcoin climbed to $91,739, according to Bitbo. This marks the highest price level since April 8, when Bitcoin hit a low of $75,603. The strong upward momentum signals renewed buying pressure in the market, particularly from institutional investment products like spot ETFs.

Fidelity’s spot Bitcoin ETF, FBTC, also saw significant trading activity, with $425.17 million in volume. Meanwhile, Grayscale’s GBTC posted $250.91 million, Ark Invest’s ETF recorded $170 million, and Bitwise’s fund traded $120 million over the day.