BlackRock's Bitcoin ETF witnessed a trading volume of $1 billion shortly after the market opened. This surge in trading activity comes in the wake of the U.S. presidential election on November 5, where Donald Trump emerged victorious.
Analysts are predicting a potential price uptick for Bitcoin following Trump’s re-election. This optimistic outlook is partly fueling increased investments in Bitcoin-based financial products such as BlackRock's ETF.
The impressive initial volume underscores investors' growing interest in cryptocurrency, particularly Bitcoin, amidst significant geopolitical events.
