Bitcoin ETF

Bitcoin

Billion

Spot

<ul class="news-points"> 
 <li>The trading volumes of spot BTC ETFs secured a new high of $2.4 billion on Tuesday, excluding Grayscale’s GBTC.</li> 
 <li>Bitcoin broke above $56,000, making a two-year high.</li> 
 <li>BlackRock’s spot BTC ETF (IBIT) recorded $1.29 billion in daily trading volume.</li> 
</ul> 
The trading volumes for the “new nine” spot <a href="https://coinedition.com/etfs-will-create-new-demand-for-bitcoin-and-exacerbate-the-current-bull-run-yusko/">Bitcoin exchange-traded funds</a> (ETF) reached an all-time high of $2.4 billion on February 26, eclipsing the previous record set on the first trading day, January 11. However, the soaring figures exclude volume from Grayscale’s Bitcoin ETF product (GBTC).&nbsp; 
The spike in trading volumes coincided with Bitcoin’s meteoric rise, touching $56,660 on Monday—a two-year all-time high but still trailing the peak of $69,044 reached on November 10, 2021, according to CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="nofollow">data</a>. 
As per prominent analyst, Eric Balchunas, BlackRock’s iShares Bitcoin Trust (IBIT) <a href="https://twitter.com/EricBalchunas/status/1762224483559977037" target="_blank" rel="nofollow">dominated</a> the market, recording $1.29 billion in trading volume on February 26—a staggering 30% increase, setting its own daily record. Following closely, Fidelity’s FBTC secured the second position with $576 million in trading volume. 
Notable inflows were also reported from ARK 21Shares (ARKB) and Bitwise (BITB) …
The post <a href="https://coinedition.com/nine-btc-spot-etfs-witness-new-volume-record-at-2-4-billion/">Nine BTC Spot ETFs Witness New Volume Record at $2.4 Billion</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Nine BTC Spot ETFs Witness New Volume Record at $2.4 Billion

Coin Edition

Other articles published on Feb 27, 2024

Forget SHIB, BONK, and PEPE: Barbie Girl (BBG) Could Be the Next Moon Shot

Spot Ethereum ETF issuers to meet with SEC in March

El Salvador to Open Bitcoin Schools with Revenue from Bitcoin Investment

Bitcoin Expected to Shoot Past All-Time High in March? Experts Suggest Investing in This Platform...

Recognize jurisdictions that believe in us, Tether CEO tells BTC community

Can Green Bitcoin (GBTC) Become The Best Gamification Token? Gamified Green Staking Picks Up In C...

Join our free newsletter for daily crypto updates!