BTC Mania》The single-day trading volume of Bitcoin concept stocks and ETFs soared past 70 billion US dollars, hitting a record high

As Bitcoin approaches $100,000, Bloomberg ETF analyst Eric Balchunas shared data showing that the "Bitcoin Industrial Complex" in the US, including Bitcoin spot ETFs and stocks like MicroStrategy and Coinbase, reached a record single-day trading volume of $70 billion on the 21st. The Bitcoin spot ETF IBIT from BlackRock had a single-day trading volume of $5 billion, the second-highest ever, and $MSTZ (the 2x leveraged MSTR product) also surpassed $1 billion for the first time. Eric Balchunas described this as "BITSANITY". MicroStrategy accounted for a large portion of the day's trading volume, but its stock price has plummeted over 25% from its high of $536.7, closing at $397.28, possibly due to being targeted by the short-selling firm Citron Research, which said the stock is trading at a serious premium despite being bullish on Bit. The total assets of US Bitcoin spot ETFs have surpassed $100 billion as of the 21st, with IBIT from BlackRock seeing the largest net inflow of $30.2 billion, followed by Fidelity Wise Origin Bitcoin Trust (FBTC) and the ARK 21Shares Bitcoin ETF. Additionally, the options contract for BlackRock's IBIT was launched on November 20th and saw a trading volume of nearly $2 billion on its first day, which Bloomberg ETF analyst James Seyffart said could be a major driver for Bit to continue its rally.