BlackRock's IBIT hits $1B in trading volume 25 minutes after U.S. market open

According to cryptocurrency analyst HODL15 Capital on X, BlackRock's spot Bitcoin ETF, IBIT, surpassed $1 billion in trading volume just 25 minutes after the U.S. stock market opened. Currently, IBIT is trading at $30.48, down 14.39%, with Bitwise's BITB and Grayscale's GBTC also experiencing declines of around 14%.