Bitcoin ETF

Spot

Daily

Reported by Coindesk, BlackRock's spot bitcoin (BTC) exchange-traded fund (ETF) had another massive trading day Tuesday, recording over $1.3 billion in daily trading volume for the second consecutive day, fueled by bitcoin's rally to $57,000.
BlackRock's IBIT booked $1.357 billion in trading volume during the day, breaking Monday's record of $1.3 billion, Bloomberg Intelligence ETF analyst Eric Balchunas noted in an X post Tuesday afternoon at market close. Nearly 42 million shares changed hands, <a rel="noopener noreferrer nofollow" target="_blank" href="https://www.nasdaq.com/market-activity/etf/ibit">Nasdaq data</a> showed, more than double of the average since it started trading in January.
IBIT was the fifth most-traded among all U.S.-listed ETFs during the morning hours, pseudonymous HODL15Capital noted in an <a rel="noopener noreferrer nofollow" target="_blank" href="https://x.com/HODL15Capital/status/1762504995818123481?s=20">X post</a>, adding that Fidelity's bitcoin ETF (FBTC) also experienced "strong" trading volume.
While trading volume can sometimes indicate positive interest in an investment product, it might not always be the case as the metric looks at both buy and sell orders.

BlackRock's Spot Bitcoin ETF Recorded $1.3B Daily Trading Volume, Breaking Monday's Record

TokenInsight

Other articles published on Feb 28, 2024

Shiba Inu Tops Meme Coin Trading as Crypto Sentiment Surges

BlockDAG on the Verge of a 5000% Surge Will Eclipse Polkadot and BONK in 2024

BREAKING: Another Crisis Resolved in the Cryptocurrency World – Gemini Will Return 1 Billion Doll...

DeFi Market Shows Strong Growth Despite Bearish Conditions

These New Spot Bitcoin ETFs Now Hold Nearly 1.5% Of BTC Supply As Holdings Surges Above 300,000

Blockchain Life Week in Dubai: we have never seen this before

Join our free newsletter for daily crypto updates!