BlackRock’s IBIT hits $8B in trades as Bitcoin ETFs set record $11.5B daily volume with strong inflows for Fidelity and Bitwise.
Bitcoin ETFs in the U.S. recorded their highest-ever daily trading volume, with total trades reaching $11.5 billion. BlackRock’s iShares Bitcoin Trust (IBIT) led the surge with $8 billion in volume, marking its strongest trading day since launch.
This spike comes amid renewed interest from institutional investors and increased options activity across major funds.
IBIT Records $8 Billion as Trading Activity Jumps
BlackRock’s IBIT was the largest contributor to the $11.5 billion traded across U.S. Bitcoin ETFs on November 22. According to Bloomberg analyst Eric Balchunas, IBIT alone accounted for $8 billion of that volume, setting a new record for the product.
This development follows recent volatility and suggests that investors are actively repositioning in the market.
ERUPTION in volume for the bitcoin ETFs.. all time record set today with $11.5b as a group. $IBIT was $8b of that, which was all time record for it. Wild but also normal- whenever an ETF or category is 'going through it' volume is elevated. ETFs are liq release valves. pic.twitter.com/DpK7frfWjr
— Eric Balchunas (@EricBalchunas) November 21, 2025
The increase in trading came after BlackRock shifted some of its Bitcoin and Ethereum holdings to Coinbase, which may have renewed market confidence. Institutional players appear to be using ETFs like IBIT to gain exposure to Bitcoin while maintaining flexibility. Balchunas referred to the session as an “eruption” in activity across the ETF category.
ETF Inflows Rise as Buying Interest Returns
While trading volume rose sharply, net inflows also increased across several Bitcoin ETFs. Data from SoSoValue showed total net inflows of around $240 million on the day. Fidelity’s FBTC led with $108 million, followed by consistent flows into Grayscale products. The rise in inflows contrasts with recent outflows seen in some of these funds.
Bitwise also experienced renewed interest. CEO Hunter Horsley reported over $40 million in daily inflows across three Bitwise ETFs. He said ETF investors were buying because assets looked cheap relative to recent prices.
This buying interest may reflect a longer-term strategy among market participants rather than short-term speculation.
>$40,000,000 inflows across 3 different Bitwise ETFs in the US today.
Some may be selling, but ETF investors are buying.
Impossible for most to time a bottom perfectly. The best one can do is buy when an asset you like looks cheap.
And assets seem to look cheap to many.
I…
— Hunter Horsley (@HHorsley) November 22, 2025
These inflows suggest a growing demand for Bitcoin exposure through regulated and liquid investment products. The activity points to a broader trend of ETF use among investors seeking access to digital assets during market swings.
Related Reading: Bitcoin Drops to $85K as Market Liquidations Hit $831M
IBIT Options Activity Suggests Hedging Strategies
Alongside the record spot trading volume, IBIT also saw a sharp rise in options trading. Balchunas noted that put volume hit an all-time high for the ETF during the week. He added that large investors often use put options to hedge against downside while keeping long positions open.
This behavior mirrors trends seen with other major ETFs like SPY, where options help investors manage risk during volatile periods. By using puts, traders can remain exposed to potential gains without exiting positions completely.
The use of options also contributes to ETF liquidity and strengthens their role in institutional strategies. As more investors adopt hedging tools, ETFs like IBIT continue to serve both trading and risk management needs.
