Bitcoin spot ETF, Coinbase, MicroStrategy daily trading volume totals $38 billion, setting a new record

Odaily News On November 11, Bitcoin rose 11% to $89,500, driving a combined record daily trading volume of US spot Bitcoin ETFs, MicroStrategy Inc (MSTR) and Coinbase Global Inc (COIN), to $38 billion. This far exceeds the high of about $25 million set in March, according to data cited by Bloomberg ETF analyst Eric Balchunas. "All kinds of data are setting new highs," Balchunas said, noting that BlackRock IBIT alone had a record $4.5 billion in trading volume, "(which) shows that inflows were strong this week. It was a crazy day." (Cointelegraph)