Bitcoin

Spot

Coin

<ul class="news-points">
 <li>Spot Bitcoin exchange-traded funds witnessed trading volume surpassing $10 billion.</li>
 <li>Bitcoin reached its previous all-time high of $69,000, only to crash 7% after.</li>
 <li>Funds like IBIT, FBTC, BITB, and ARKB all broke their personal records.</li>
</ul>
US-listed spot Bitcoin exchange-traded funds (ETFs) experienced their most active day on Tuesday as BTC’s quest towards its all-time high took a sharp detour. The leading digital currency saw its price crash by 7% in the past 24 hours, as per <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinGecko, after <a href="https://coinedition.com/bitcoin-breaks-record-surpasses-69000-for-the-first-time-since-2021/" rel="noopener noreferrer nofollow">surpassing the $69,000 milestone</a>.&nbsp;
Notably, as <a href="https://twitter.com/EricBalchunas/status/1765121689036427654" target="_blank" rel="noopener noreferrer nofollow">pointed out</a> by ETF analyst Eric Balchunas at Bloomberg Intelligence, the recently-approved ten ETFs collectively surged past $10 billion in trading volume during the session, surpassing the previous week’s record.
Funds including BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB, and ARKB—co-managed by Ark Invest and 21Shares—all broke their personal volume records.&nbsp;
On the other hand, Grayscale’s GBTC continues to witness significant outflows, as <a href="https://twitter.com/EricBalchunas/status/1765103692431466931" target="_blank" rel="noopener noreferrer nofollow">shared</a> by Balchunas.&nbsp;
<blockquote class="wp-block-quote">
 $GBTC has seen almost $10b in outflows yet has the same amount of assets it did on launch day. Seems like magic, but it’s the bull …
</blockquote>
The post <a href="https://coinedition.com/spot-bitcoin-etfs-record-more-than-10b-in-trading-volume/" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs Record More Than $10B in Trading Volume</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Spot Bitcoin ETFs Record More Than $10B in Trading Volume

Coin Edition

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