IBIT Bitcoin ETF's single-day trading volume broke records reaching $10 billion, but the price fell by 13%

Bloomberg ETF analyst Eric Balchunas stated on the X platform that the iShares Bitcoin Trust ETF (IBIT) broke its daily trading volume record on Thursday, with a transaction amount reaching $10 billion.

However, IBIT fell about 13% on the same day, marking its second-largest single-day decline since its launch, with the largest single-day drop occurring on May 8, 2024, at 15%.