Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-reach-trading-volume-highs-despite-price-swings">Bitcoin ETFs Reach Trading Volume Highs Despite Price Swings</a><br></p>
<p style="text-align: justify"> Despite the significant swings in <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-poised-for-historic-value-peaks-says-investment-chief">Bitcoin</a>‘s value, the trading volumes for Bitcoin-based ETFs saw a notable surge on Tuesday, March 6. The combined trade volumes for ten leading Bitcoin ETFs surpassed the $10 billion mark. This spike in activity occurred in tandem with a rise in Bitcoin’s price on the previous day. </p> 
<h2 id="record-breaking-etf-performances">Record-Breaking ETF Performances</h2> 
<p style="text-align: justify"> Analysts are taking note of the exceptional trading volumes, particularly given the fact that these ETFs have been on the market for less than two months. Leading the surge, BlackRock’s IBIT ETF reported an all-time high daily inflow, while Fidelity’s FBTC followed with impressive gains. ProShares’ Short Bitcoin Strategy ETF also broke past records, highlighting an escalating demand for Bitcoin-based investment products. Eric Balchunas from Bloomberg pointed out the increasing enthusiasm for the proposed launch of leveraged and inverse spot Bitcoin ETFs. </p> 
<h2 id="spotlight-on-asset-growth-and-volatility">Spotlight on Asset Growth and Volatility</h2> 
<p style="text-align: justify"> The aggregate assets managed by ten spot Bitcoin ETFs have now exceeded $50 billion, a significant leap from less than $30 billion just weeks prior. This growth has been propelled partly by new capital inflows but also by the rising value of Bitcoin itself. The symbiotic relationship between Bitcoin and ETFs appears to be driving growth for both, with Bitcoin miners and long-standing investors reaping profits amidst market volatility. </p> 
<p style="text-align: justify"> The optimism in the derivatives market, which has enabled investors to leverage their positions heavily, played a role in the upward trend in Bitcoin’s price. Nonetheless, the volatile nature of Bitcoin showed itself as bullish bets in the perpetual futures market were swiftly liquidated, amounting to over $800 million, following a sudden change in Bitcoin’s price trajectory.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-etfs-reach-trading-volume-highs-despite-price-swings">Bitcoin ETFs Reach Trading Volume Highs Despite Price Swings</a></h5>

Bitcoin ETFs Reach Trading Volume Highs Despite Price Swings

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