Bitcoin

Spot

Billion

<ul> 
 <li>Bitcoin is being devoured by spot bitcoin ETFs at a rate that exceeds its mining capacity.</li> 
 <li>Last week was a record-breaker, with total spot bitcoin ETF trading volumes reaching $22.3B.</li> 
</ul> 
The newly issued U.S. spot bitcoin ETFs got off to a flying start after their January debut. According to statistics, the crypto-based financial instruments reached a new important milestone on Friday, surpassing $100 billion in total trading volume. 
A month passed before the new products’ combined trading volume surpassed $50 billion, but they reached the second half of that milestone in just two weeks due to increased activity. 
<h3 class="wp-block-heading" id="h-investors-optimistic">Investors Optimistic</h3> 
With more people looking to purchase and trade <a href="https://thenewscrypto.com/bitcoin-miners-energy-consumption-skyrockets-ahead-of-halving/" target="_blank" rel="noreferrer noopener">bitcoin</a>, its price has skyrocketed. Bitcoin is being devoured by spot bitcoin ETFs at a rate that exceeds its mining capacity. Due to skyrocketing demand, the price of Bitcoin, recently surpassed its previous all-time high (ATH) of $69,000. Moreover, with the impending <a href="https://www.investopedia.com/bitcoin-halving-4843769" target="_blank" rel="noreferrer noopener nofollow">halving</a> around the corner, the price is expected to rally further. With the ongoing bullish momentum, altcoins also witnessed similar trends and are trading in green. 
Spot bitcoin ETFs’ daily trading volume almost topped $10 billion on Monday, and now they’ve surpassed $100 billion. Additionally, last week was a record-breaker, with total spot bitcoin ETF trading volumes reaching $22.3 billion. 
When looking at total volume, <a href="https://thenewscrypto.com/blackrocks-bitcoin-etf-hits-milestone-aum-surpasses-10-billion/" target="_blank" rel="noreferrer noopener">BlackRock</a>, Fidelity, and <a href="https://www.grayscale.com/" target="_blank" rel="noreferrer noopener nofollow">Grayscale</a> have been the top three. The $788.3 million inflow that BlackRock’s fund saw on Tuesday set a new daily record. The president of The ETF Store, Nate Geraci, attempted to put the current events into context earlier this week. 
Nine new spot bitcoin ETFs have raised more capital in the last two months than all physical gold ETFs raised in the previous five years combined. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/bitcoin-miners-energy-consumption-skyrockets-ahead-of-halving/" target="_blank" rel="noreferrer noopener">Bitcoin Miners Energy Consumption Skyrockets Ahead of Halving</a>

Spot Bitcoin ETFs Surpass $100 Billion in Cumulative Trading Volume

목차

TheNewsCrypto

2024년 3월 10일에 게재된 다른 기사

Cathie Wood Forecasts ARK Invest’s Bitcoin Price Far Beyond $1M Mark

Ubisoft Joins Forces with XPLA as a Node Validator to Revolutionize Web3 Gaming

VeChain Introduces VeBetterDAO to Crypto Community

U.S. and Europe have something new to compete aggressively over

Big Buys on Rebel Satoshi ($RBLZ) Set an Exciting Mood for Investors While The Market Pumps Polyg...

Investor Diversity in Kelexo (KLXO) Presale: Binance Coin (BNB) and InternetComputer (ICP) Enthus...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!