Bitcoin ETF

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-leads-as-bitcoin-etf-volumes-hit-new-record" rel="noopener noreferrer nofollow">BlackRock Leads as Bitcoin ETF Volumes Hit New Record</a><br></p>
<p style="text-align: justify">BlackRock has captured the spotlight in the <a href="https://en.bitcoinhaber.net/justin-sun-and-vitalik-buterin-contrasting-crypto-career-trajectories-tied-to-ripple" rel="noopener noreferrer nofollow">cryptocurrency</a> market as institutional interest grows, with <a href="https://en.bitcoinhaber.net/expert-gert-van-lagen-forecasts-major-bitcoin-price-leap" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price scaling new heights. Recently, Bitcoin’s value soared to $54,910, marking a rising trend for the year. The surge aligns with significant developments in spot Bitcoin Exchange-Traded Funds (ETFs), which have witnessed a historic volume breakthrough.</p>
<h2 id="record-breaking-etf-trading-volumes">Record-Breaking ETF Trading Volumes</h2>
<p style="text-align: justify">On February 26, Bloomberg’s ETF analyst Eric Balchunas highlighted that spot Bitcoin ETFs smashed the previous volume record set on January 11. This record-breaking trade volume contributed to Bitcoin’s price rally, pushing it beyond the $55,000 threshold. Unlike earlier records, this impressive volume was achieved during a period marked by substantial entries, suggesting further positive impact ahead.</p>
<p style="text-align: justify">BlackRock’s ETF, listed as IBIT, celebrated a landmark volume of $1.29 billion, exceeding its prior best by 30%. Following closely, Fidelity’s FBTC experienced a volume of over $576 million. Both ARK 21Shares and Bitwise also enjoyed significant trade volumes. When considering reserve size, BlackRock and Fidelity maintain leading positions, outpacing competitors even when factoring in transaction fees.</p>
<h2 id="enthusiasm-fuels-crypto-market">Enthusiasm Fuels Crypto Market</h2>
<p style="text-align: justify">While the surge in trading volume has stirred excitement, the underlying reasons remain speculative. Market analysts anticipate upcoming macroeconomic developments to potentially influence market prices. On February 26, the second-largest trade volume was observed, hitting $3.2 billion including Grayscale’s Bitcoin ETF flows. BlackRock’s ETF, in particular, has become a hot topic due to its substantial trading volume, ranking it 11th among all ETFs, signaling strong institutional engagement in the cryptocurrency domain.</p>
<p style="text-align: justify">This volume is not just a fleeting success but indicates that even novice ETFs can attract significant interest from large institutional investors, emphasizing the growing integration of cryptocurrencies into traditional investment frameworks.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/blackrock-leads-as-bitcoin-etf-volumes-hit-new-record" rel="noopener noreferrer nofollow">BlackRock Leads as Bitcoin ETF Volumes Hit New Record</a></h5>

BlackRock Leads as Bitcoin ETF Volumes Hit New Record

목차

BH NEWS

2024년 2월 27일에 게재된 다른 기사

Neutron (NTRN) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Cardano (ADA) & Uniswap (UNI) Investors Buy-in to Lending Platform Kelexo (KLXO) Phenomenon as 20...

BlackRock Bitcoin ETF Surpasses $1 Billion in Trading Volume for Second Consecutive Day

AI-Powered Meme Coin Scotty the AI Offers High APY in Presale – Michael Wruble Video Reviews

OKX announces launch of Turkish platform

Has LINK’s annual high come to an end and why do DOGE investors love Kelexo lending platform?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!