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IBIT Roars as Bitcoin Rips Past $75k and Trump Pumps Pro-Crypto Stance

BlackRock’s iShares Bitcoin Trust (IBIT) just went bonkers. We’re talking $4.1 billion in trading volume in a single rotation on Wednesday—an absolute unit of a day. Bitcoin itself hit fresh skies, zipping past $75,000, mere heartbeats after Donald Trump snagged his second term. This fusion of price action and political juice set IBIT up for a showstopper session, like it was January all over again.

Right out of the gate, IBIT smashed $1 billion in trades—20 minutes after the bell, mind you. That’s what it usually takes them a whole day to swing. Bloomberg’s crypto eagle Eric Balchunas couldn’t help but broadcast it on X, noting IBIT’s volume even left legacy bigwigs like Netflix, Visa, and Berkshire in the dust.

Trump’s Win Gassed Up the Bitcoin ETF Crowd

Trump 2.0 landed, and crypto heads lapped it up. Trump’s now-patented “Bitcoin bull” agenda got Wall Street’s crypto whales excited, and IBIT sucked up a tidal wave of interest. His campaign rhetoric this time around didn’t just whisper; it screamed support for a national Bitcoin reserve and even threw in an advisory council to keep regulation nice and cushy.

This narrative pushed U.S. spot Bitcoin ETFs over the edge, clocking $6 billion in combined daily volume—roughly double what they normally see. Data from CoinGlass paints the picture: market participants sensed Trump’s pro-crypto playbook in full force and went all-in on these funds. Trump’s call for miner support, not to mention rumored SEC reshuffling, added to the industry’s high-octane excitement.

iShares Bitcoin Trust Dominates as Cheap Fees Pull Big Fish

With around 429,185 BTC in the vault—clocking in at a mean $30 billion valuation—IBIT’s staking its claim as the heavyweight among the U.S. Bitcoin ETFs. And it’s not just size; BlackRock’s offering comes with a slick 0.12% fee on the first $5 billion, which has proven a honeytrap for heavy-hitters wanting low-cost exposure to digital gold.

Bitwise’s top dog, Matt Hougan, dubbed Trump’s win a “golden age” trigger for crypto. IBIT’s volume explosion didn’t happen in a vacuum—it’s a Wall Street vote of confidence. The heavy money’s here, the fee’s right, and the game’s set.