Catenaa, Wednesday, February 11, 2026- BlackRock’s iShares Bitcoin Trust (IBIT) reached a record $10 billion in daily trading volume last week as bitcoin fell roughly 13%, marking one of the largest intraday declines since the ETF’s launch, according to Bloomberg data.
The fund’s previous single-day volume record of about $8 billion was set in November 2025. Typical trading days see $2–3 billion in IBIT volume, with recent market turbulence driving multiple sessions above $5 billion.
Bitcoin opened Thursday around $73,100 before plunging to roughly $62,400, falling below $70,000 for the first time in 15 months.
The broader crypto market also saw steep losses, with total market capitalization dropping from over $3 trillion at the end of January to approximately $2.16 trillion.
XRP was the worst-performing major cryptocurrency Thursday, declining about 25%, while TRON fell 4% and fared best among the top 50 tokens by market capitalization.
IBIT remains the largest spot bitcoin ETF with roughly $56 billion in assets. Analysts said the surge in trading activity reflected both forced selling and high demand for exposure to bitcoin via the ETF structure during extreme volatility. The ETF’s performance highlights growing institutional and retail engagement, even amid significant price swings across cryptocurrency markets.
