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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/record-trading-volumes-for-bitcoin-futures-etfs/" data-wpel-link="internal">Record Trading Volumes for Bitcoin Futures ETFs</a><br></p>
<p style="text-align: justify">ProShares <a href="https://en.coin-turk.com/crypto-market-awaits-key-dates-a-calm-before-the-storm/" data-wpel-link="internal">Bitcoin</a> Strategy ETF (BITO), VanEck Bitcoin Strategy ETF (XBTF), and Valkyrie Bitcoin Strategy ETF (BTF) reached an all-time high daily trading volume of $2 billion yesterday.</p> 
<h2 id="a-milestone-in-btc">A Milestone in BTC</h2> 
<p style="text-align: justify">According to the data obtained, this milestone was achieved just one day after the previous record of $1.4 billion. ProShares Bitcoin Strategy ETF, the first Bitcoin ETF product launched in the US, dominates the daily trading volume of Bitcoin futures ETFs, comprising $1.97 billion or 97% of yesterday’s record $2 billion. Bloomberg ETF analyst Eric Balchunas commented on the matter:</p> 
<blockquote> 
 <p style="text-align: justify">BITO broke the all-time volume record with $2 billion in trades on this historic day.</p> 
</blockquote> 
<p style="text-align: justify">The expert also noted that on January 8th, ProShares Bitcoin futures ETF reached an all-time high with over $2 billion in assets. BITO grew by 10% from $1.8 billion on January 2nd and by 18% from $1.7 billion on December 9, 2023, in the last month. According to Balchunas, BlackRock is leading among the 11 newly approved products that started trading yesterday with over 700,000 transactions and a total trading volume exceeding $4.5 billion, according to the data obtained.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-301649 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/etfff.jpg" alt="" width="701" height="468"></p> 
<h2 id="record-volume-in-bitcoin-etf-trading">Record Volume in Bitcoin ETF Trading!</h2> 
<p style="text-align: justify">BlackRock’s spot Bitcoin ETF (IBIT) surpassed BITO’s first-day trading volume of $1 billion, reaching $1.05 billion and outperforming the futures Bitcoin ETF volume. Fidelity’s FBTC ETF reached approximately $685 million. Grayscale’s converted spot Bitcoin ETF product (GBTC) generated more trading volume than the sum of these two, reaching approximately $2.3 billion.</p> 
<p style="text-align: justify">Considering that both BlackRock and Fidelity’s ETFs are new, the majority of their trading volume could likely consist of capital inflows. ARK 21Shares Bitcoin ETF achieved a trading volume of $278 million on its first day, while Bitwise (BITB) reached a value of $122 million. The remaining ETFs, including Franklin Templeton (EZBC), Invesco Galaxy (BTCO), and VanEck (HODL), reached trading volumes below $100 million.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/record-trading-volumes-for-bitcoin-futures-etfs/" data-wpel-link="internal">Record Trading Volumes for Bitcoin Futures ETFs</a></h5>

Record Trading Volumes for Bitcoin Futures ETFs

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