IBIT Bitcoin ETF's single-day trading volume breaks a record at $10 billion, but the price drops 13%

GateNewsBot
Source: PANews
BTC-0,97%

PANews February 6 News, Bloomberg ETF analyst Eric Balchunas stated on the X platform that the iShares Bitcoin Trust ETF (IBIT) broke its daily trading volume record on Thursday, with a trading volume of $10 billion. However, IBIT fell about 13% that day, marking the second-largest single-day decline since its launch. The largest single-day drop occurred on May 8, 2024, with a decline of 15%.

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