[Lunch Briefing] BlackRock IBIT Hits Highest Daily Trading Volume Since Trump’s Election

The major virtual assets are on an upward trend. As of 12:57 PM on the 8th, based on Bithumb, Bitcoin (BTC) rose 1.65% from the previous day to 104.87 million won. Ethereum (ETH) rose 4.08% to 4.008 million won, Solana (SOL) rose 5.8% to 273,700 won, Binance Coin (BNB) rose 1.29% to 825,000 won, and Ripple (XRP) rose 0.93% to 758 won. The international market is also on an upward trend. At the same time, on CoinMarketCap, BTC recorded $75,927.25, up 1.16% from the previous day. ETH rose 1.78% to $2,901.36, SOL rose 4.97% to $198.27, BNB fell 1.23% to $597.1, and XRP fell 1.87% to $0.5494. The total market capitalization of virtual assets increased by 0.81% from the previous day to about $2.48 trillion (about 344.026 trillion won). The Crypto Fear and Greed Index of Alternative.me fell 2 points from the previous day to 75 points, indicating 'greed'. BlackRock's BTC spot exchange-traded fund (ETF) (IBIT) recorded the highest daily trading volume. According to CoinTelegraph on the 6th (local time), after Donald Trump's victory in the US presidential election, IBIT's daily trading volume reached $4.1 billion (5.682.19 billion won). Bloomberg ETF analyst Eric Balchunas said, "On the 6th, IBIT traded more than Berkshire Hathaway, Netflix, and Visa stocks," and "the daily trading volume of most virtual asset ETFs has nearly doubled since Trump's re-election." Geraci, president of the ETF Store, said, "BTC has dominated the ETF market this year," and "6 out of the top 10 most successful spot ETF products this year were BTC spot ETFs." With the president-elect Trump's promise to promote the virtual asset industry, the entire virtual asset industry is expected to be revitalized. Asset management companies such as Grayscale are preparing to launch altcoin ETFs based on assets such as Solana (SOL), Ripple (XRP), and Litecoin (LTC).