BlackRock’s Spot BTC ETF Sees Record $10B Volume During BTC Sell-Off
On Thursday, , the company’s main spot BTC platform-traded fund, saw a record-breaking daily trading volume of $10 billion. This spike occurred while BTC was undergoing a major trade-off, plummeting 12% in 24 hours to about $64,000 later than briefly hitting a low of $60,300.
With almost 284 million shares moved, the record volume showed that the market was very active. This was around 69% more than the previous high of 169.21 million shares recorded in November. IBIT itself dropped 13% on the day, ending at about $36.10. This was its second-worst daily price decrease since it begined, later than a 15% drop on May 8, 2024.
Market Conditions and What Makes Them Happen
BTC has dropped approximately 50% from its all-time high of in ahead October. The most recent fall was caused by fragile U.S. employment data and growing concerns about capital flows into the AI sector, which worsened difficultys in the crypto market.
Peter Brandt, a veteran trader, said that is showing “fingerprints of campaign tradeing,” with only a few purchaviewrs stepping in to sustain the price.
ETF Performance and Flows
has had trouble keeping up with inflows, even if they are at an all-time high. The fund lost $373.4 million on Wednesday, and so far in 2026, it has only viewn 10 trading days with net inflows. The ETF has dropped over 48% from its high of around $70 in ahead October.
Bob Elliott, the head of investments at asset manager Unlimited Funds, , “As of the market close on Friday, the average dollar invested in IBIT is now underwater.”
Analysts’ Thoughts on the Volume Spike
Eric Balchunas, an analyst for Bloomberg ETFs, that IBIT “crushed its daily volume record” by trading $10 billion worth of shares. He also talked about the price decline, saying it was “its second-worst daily price drop since it launched,” with the largegest loss being 15% on May 8, 2024.
The huge volume of trading, even as the overall spot BTC ETF sector was viewing large drops and outflows, suggests institutions were more active, possibly even engaging in capitulation tradeing, as investors dealt with the collapse.
What This Means for BTC and ETFs
The record activity in IBIT shows that are becoming more liquid and that institutional investors are increasingly interested in them, even during periods of extreme market volatility. The trade-off is an indication of concern across the market, but the strong trade volume could mean holders are giving up or that the market is about to turn.
As BTC keeps falling, people are still wondering whether these high volumes signal peak tradeing pressure or just more people getting involved in a tough market. BlackRock’s IBIT, the largest spot BTC ETF by assets, remains a excellent gauge of how institutions feel about BTC.
