Analyst Eric Balchunas was surprised by the latest numbers coming out of the IBIT exchange. Despite expectations of a cooldown, IBIT actually saw a record-breaking $5 billion in trading volume today. This marks the first time ever that IBIT has reached this level of activity in a single day.
According to Balchunas, only 3 ETFs and 8 stocks saw more action than IBIT today. In fact, the exchange has seen a total of up to $13 billion in trading volume over the course of just three days this week. While IBIT’s peers are also experiencing heightened trading volume, they are doing so on a smaller scale. For example, FBTC saw $1 billion in trading volume today, its biggest day since March.
