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As Bitcoin's price surge continues, BlackRock’s 
Bitcoin ETF is seeing significant attention from investors, blowing through volume records yesterday.
What’s the Scoop?
- Record Volume: BlackRock’s spot Bitcoin ETF generated an impressive $4.5 billion in trading volume on Monday, marking a new high.
- Bitcoin’s Price Surge: Since last week's election results, Bitcoin has continued to rally, reaching new all-time highs and approaching the $90,000 mark.
Bankless Take:
A key driver of Bitcoin’s appeal is former President Trump’s favorable stance on the crypto space. While no concrete action has been taken, his outlook has increased investor confidence. Additionally, concerns over inflation are prompting investors to seek assets that may preserve value, with Bitcoin seen as a strong alternative. BlackRock’s ETF offers an on-ramp for those interested in the crypto ecosystem, making it easier than ever to explore and invest in this evolving space.
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