Trump's election effect: BlackRock Bitcoin ETF's daily trading volume hits record high

Following the election of former President Trump as the 47th President of the United States, a "record" amount of money has flowed into Bitcoin exchange-traded funds (ETFs).
A Bitcoin spot ETF is a fund that tracks the price of Bitcoin and is aimed primarily at institutional investors who are reluctant to invest directly in Bitcoin.
On the 6th (local time), BlackRock's IBIT, the largest Bitcoin spot ETF in the United States, recorded the largest trading volume in history, exceeding $4.1 billion (approximately 631.9 billion yen) on that day alone.
In particular, the trading volume in the first 20 minutes of the market's opening was $1.1 billion. Eric Balchunas, Bloomberg ETF analyst, said, "The $1.1 billion
"The daily trading volume was at a similar level to normal," he said, adding that other Bitcoin ETFs showed similar trends.
Regarding IBIT's daily trading volume exceeding $4.1 billion, Berkshire said,
"It recorded more trading volume than stocks like Netflix and Visa," he emphasized. Meanwhile, with Trump's election, the price of Bitcoin exceeded $76,000 (about 11.7 million yen), reaching an all-time high.
It has now reached a new high. The previous high was $73,738 (approximately 11.35 million yen) recorded on March 14. It has now fallen slightly to the $75,000 range, narrowing the range of increase.