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Grayscale Bitcoin Trust

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<ul class="news-points"> 
 <li>The US spot BTC ETFs saw $7.69 billion in trading volumes on Wednesday.</li> 
 <li>BlackRock’s iShares Bitcoin Trust ETF (IBIT) claimed 43.5% of the daily total volume.</li> 
 <li>Grayscale’s GBTC and Fidelity’s FBTC took the second and third spots, respectively.</li> 
</ul> 
The newly approved ten spot <a href="https://coinedition.com/tag/Bitcoin-ETF/">Bitcoin exchange-traded funds (ETFs)</a> in the United States have broken their previous records of trading volumes. The offerings saw a whopping $7.69 billion being traded on Wednesday, breaking their volume record by over one and a half times.&nbsp; 
Bloomberg ETF analyst James Seyffart <a href="https://twitter.com/JSeyff/status/1762958770164936763" target="_blank" rel="nofollow">confirmed</a> the development, noting that BlackRock’s iShares Bitcoin Trust (IBIT) claimed 43.5% of the total volume with $3.35 billion, effectively doubling its previous daily record.&nbsp; 
The Grayscale Bitcoin Trust (GBTC), securing the second spot, recorded $1.86 billion in trading volume. In comparison, the Fidelity Wise Origin Bitcoin Fund (FBTC) took the third position with $1.44 billion, also doubling its volume record. 
Notably, the combined volumes of GBTC and FBTC constituted about 43% of the total trading volume. Bloomberg analyst Eric Balchunas <a href="https://twitter.com/EricBalchunas/status/1762949129666199835" target="_blank" rel="nofollow">noted</a> that it took only half of the trading day for the nine n…
The post <a href="https://coinedition.com/us-bitcoin-etfs-smash-records-with-7-69-billion-in-trading-volumes/">US Bitcoin ETFs Smash Records with $7.69 Billion in Trading Volumes</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

US Bitcoin ETFs Smash Records with $7.69 Billion in Trading Volumes

Coin Edition

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