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

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