Bitcoin

LONG

James

<ul class="news-points"> 
 <li><strong>Newly launched Bitcoin ETFs achieved a record of $10 billion in trading volume in just three days.</strong></li> 
 <li><strong>Grayscale’s ETF, GBTC, faces considerable outflows of nearly $600 million.</strong></li> 
 <li><strong>BlackRock’s ETF, IBIT, is identified as a potential “Liquidity King” likely to overtake GBTC in trading activity.</strong></li> 
</ul> 
<p>In just three days after their introduction, the newly launched Bitcoin exchange-traded funds (ETFs) amassed a staggering $10 billion in trading volume. However, it is expected to experience a substantial net outflow of around $1.173 billion.</p> 
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   <p lang="en" dir="ltr">Update on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> ETF Cointucky Derby. The ETFs have traded almost $10 billion total over 3 days. Will have updated flows and assets later tonight or tomorrow morning. <a href="https://t.co/OnpCshjYJP" target="_blank" rel="nofollow">pic.twitter.com/OnpCshjYJP</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1747366266166206505?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 16, 2024</a>
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<p>Providing an update on the Bitcoin ETF, Bloomberg ETF analyst James Seyffart revealed that the ETFs collectively traded nearly $10 billion in the first three days. He commented on the success of the launches, stating, “By most any metric — these are all very successful launches. The only caveat to that might be Wisdomtree at just $3.25 million in assets, but it’s only day 3 — this is a LONG race…</p>
<p>The post <a href="https://coinedition.com/bitcoin-etfs-hit-10b-trading-volume-gbtc-outflows-ibit-takes-the-lead/">Bitcoin ETFs Hit $10B Trading Volume — GBTC Outflows, IBIT Takes the Lead</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin ETFs Hit $10B Trading Volume — GBTC Outflows, IBIT Takes the Lead

Coin Edition

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