BlackRock's Spot Bitcoin ETF Reaches Record $4 Billion Trading Volume

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In today edition we talk about

• BlackRock's Spot Bitcoin ETF Reaches Record $4 Billion Trading Volume Post-Election

• Kalshi Launches Political Betting Contracts on Trump Presidency

BlackRock's Spot Bitcoin ETF Reaches Record $4 Billion Trading Volume Post-Election

Following the U.S. Election, BlackRock’s spot bitcoin ETF, IBIT, hit a record high daily trading volume of $4.1 billion as pro-crypto candidate Donald Trump returned to the White House. Bloomberg’s Senior ETF Analyst Eric Balchunas noted this was a higher volume than major stocks like Berkshire, Netflix, and Visa saw on the same day.

IBIT saw $1 billion in trading within the first 20 minutes post-election. The combined trading volume for all 12 spot bitcoin ETFs reached over $6 billion, setting a new high since March, with most funds doubling their usual activity.

ETFs also saw large net inflows totaling $621.9 million, led by Fidelity’s FBTC at $308.8 million, followed by strong contributions from Ark Invest, Bitwise, and Grayscale. Nate Geraci, President of The ETF Store, predicts the daily inflow could exceed $1 billion by week’s end, expecting more records ahead.

Kalshi Launches Political Betting Contracts on Trump Presidency

Prediction platform Kalshi has introduced new markets for betting on U.S. political events, including a possible Trump impeachment. This expansion follows strong demand for election-related betting, with volume across platforms nearing $4 billion as of Election Day.

Web3-based Polymarket led with $3.3 billion in presidential bets, while Kalshi gained momentum, reaching over $250 million in volume since launching political contracts on October 7 after a landmark court victory. Kalshi’s new offerings cover U.S. and international events, including Canada’s and Ireland’s 2025 elections, according to regulatory filings.

Kalshi also began accepting USD Coin (USDC) deposits to attract crypto users, and other platforms like Robinhood and Interactive Brokers launched election betting options in October. Despite CFTC concerns about election integrity, industry analysts argue prediction markets often gauge public sentiment more accurately than polls, with Trump’s odds on Kalshi at 58% before the polls closed.

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