BlackRock's IBIT sees record $10B in daily trading volume

Eric Balchunas reported that the daily trading volume for BlackRock's spot Bitcoin ETF, IBIT, reached an all-time high of $10 billion. On X, Balchunas noted that IBIT fell 13% today, marking its second-largest daily drop since launch, even as its trading volume hit a record high. He described the situation as brutal.