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BlackRock IBIT Approaches 1.5 Trillion KRW in Trading Volume Within 2 Hours of Opening

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Uk Jin
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  • It was reported that BlackRock IBIT's Bitcoin spot ETF trading volume approached 1.5 trillion KRW within 2 hours of opening.
  • It was evaluated that continuous fund inflows into Bitcoin spot ETFs and regulatory easing in the United States are strengthening investment sentiment.
  • The abolition of the SEC's SAB-121 regulation is expected to promote traditional financial institutions' entry into the virtual asset business.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Interest in Bitcoin (BTC) appears to be rising following President Donald Trump's inauguration. The trading volume of BlackRock IBIT, which leads the Bitcoin spot ETF market, has surged explosively.

On the 25th, BeInCrypto reported, citing data from CoinGlass, that BlackRock IBIT recorded a trading volume of $1 billion (approximately 1.4315 trillion KRW) just two hours after opening overnight.

BeInCrypto evaluated this by stating, "It seems that funds are continuously flowing into Bitcoin spot ETFs," and "Investment sentiment has strengthened as cryptocurrency-friendly regulations are being announced one after another in the United States."

The most notable issue in the United States the previous day was the Securities and Exchange Commission (SEC) abolishing the 'SAB-121' guideline for virtual asset custody accounting. SAB-121 was a regulation that required financial companies to record virtual assets entrusted to custodians on their balance sheets, and it has been criticized for hindering traditional financial institutions' entry into the virtual asset business.

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