Bitcoin ETF

James

Coin

<ul class="news-points"> 
 <li><strong>BlackRock’s IBIT surpasses Grayscale’s GBTC in trading volume for the first time.</strong></li> 
 <li><strong>IBIT boasts a daily trading volume of $219.3 million, surpassing GBTC’s $181.7 million.</strong></li> 
 <li><strong>Fidelity’s FBTC secures third place with a trading volume of $129.3 million.</strong></li> 
</ul> 
<p>In an astounding development in the ETF ecosystem, BlackRock’s IBIT has surpassed Grayscale’s GBTC in trading volume for the first time. According to the recent post shared by Bloomberg ETF analyst James Seyffart, IBIT is apparently the first ETF to surpass GBTC in a day.</p> 
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   <p lang="en" dir="ltr">Still some after hours trading left but looks like BlackRock's <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$IBIT</a> is the first ETF to trade more than Grayscale's <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$GBTC</a> in a single day. <br><br>Total trading today was kind of a dud though at $924 million — first day below $1 billion in dollar volume for the group since launch. <a href="https://t.co/IeIF2COm4F" target="_blank" rel="nofollow">https://t.co/IeIF2COm4F</a> <a href="https://t.co/ZtADLBQP63" target="_blank" rel="nofollow">pic.twitter.com/ZtADLBQP63</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1753165420482244632?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 1, 2024</a>
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<p>Since the <a href="https://coinedition.com/bitcoin-etfs-explained-everything-you-need-to-know/">Bitcoin ETF launch</a> on January 11, the financial giant Grayscale has been leading the arena in terms of trading volume. According to <a href="https://www.bloomberg.com/news/articles/2024-01-26/bitcoin-price-btc-steadies-as-grayscale-etf-gbtc-outflows-slow" target="_blank" rel="noreferrer noopener nofollow">a Bloomberg report</a>, John Hoffman, Grayscale’s Managing Director of Sales and Distribution, commented that GBTC has been “domina…</p>
<p>The post <a href="https://coinedition.com/breaking-blackrocks-ibit-surpasses-grayscales-gbtc-in-trading-volume/">Breaking: BlackRock’s IBIT Surpasses Grayscale’s GBTC in Trading Volume</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Breaking: BlackRock’s IBIT Surpasses Grayscale’s GBTC in Trading Volume

Coin Edition

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