Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

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<p>The iShares Bitcoin Trust (IBIT) has <a href="https://twitter.com/JSeyff/status/1753129195499114775">surged</a> ahead of the Grayscale Bitcoin Trust (GBTC) in terms of trading volume.&nbsp;</p>
<p>Data from Bloomberg Intelligence shows that BlackRock's product has a $40 million edge, but the data is not final.&nbsp;</p>
<h2 id="recent-trading-volumes">Recent trading volumes&nbsp;</h2>
<p>The iShares Bitcoin Trust (IBIT) posted an impressive volume of $219.3 million. Close behind, the Grayscale Bitcoin Trust (GBTC) experienced a trading volume of $181.7 million.</p>
<p>Other notable funds included the Fidelity Wise Origin Bitcoin Fund (FBTC) with a trading volume of $129.3 million, and the ARK 21Shares Bitcoin ETF (ARKB) which saw volumes reach $48.7 million.&nbsp;</p>
<p>The Bitwise Bitcoin ETF (BITB) also made its mark with $18.9 million in trades, followed by the Invesco Galaxy Bitcoin ETF (BTCO) at $9.9 million.</p>
<h2 id="grayscale-s-diminishing-outflows">Grayscale's diminishing outflows</h2>
<p>Grayscale <a href="https://u.today/jpmorgan-bitcoin-etf-hype-cooling">seems</a> to be witnessing a decrease in outflows, which may bode well for the trust's stability.&nbsp;</p>
<p>Grayscale's <a href="https://u.today/grayscale-dumps-214-billion-in-bitcoin-btc-post-etf-approval-details">outflows</a> have been a significant concern for investors, with the trust reducing its Bitcoin holdings by 5,086 BTC, valued at approximately $218 million.&nbsp;</p>
<p>However, in the broader landscape, eight ETFs, including the heavyweight Fidelity, have collectively added 8,907 BTC, worth around $382 million, with Fidelity itself contributing 5,422 BTC to this sum.&nbsp;</p>
<p>These inflows into various ETFs have mitigated some of the bearish sentiment that previously pushed Bitcoin below the $40,000 mark.</p>

Bitcoin ETF Race: BlackRock Now Ahead of Grayscale in Trading Volume

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