Institutional Appetite for Bitcoin (BTC) Continues to Grow as US Spot Bitcoin ETFs See Biggest Trading Day in Over 7 Months

According to Bloomberg ETF analyst James Seyffart, total daily volume reached $7.22 billion on November 11, the 6th highest ever.

Institutional interest in Bitcoin continues to grow as US spot Bitcoin ETFs saw their biggest trading day in over 7 months. According to Bloomberg ETF analyst James Seyffart, total daily volume reached $7.22 billion on November 11, the 6th highest ever.

BlackRock’s IBIT ETF accounted for half of volumes—roughly $4.6 billion worth of shares traded today, followed by FBTC which surpassed $1 billion.

The surge follows IBIT’s previous record-setting performance last Thursday when it recorded over $4 billion in traded shares, its highest daily volume since launch.

However, that day’s activity resulted in $69 million in net outflows, followed by more than $1 billion in net inflows the next day—its largest single-day capital injection since inception.

ETF expert Eric Balchunas noted that high trading volumes can indicate both buying and selling activity. Market observers may need several days to determine whether the recent volume surge translates into sustained net inflows.

The uptick in Bitcoin ETF trading volumes comes amid Bitcoin bullish momentum post-election. Following Donald Trump’s victory, which many perceive as favorable for crypto policies, there has been a wave of optimism that likely fueled both the Bitcoin price rise and the corresponding increase in ETF trading volumes.