Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<p><a href="https://www.cryptopolitan.com/blackrocks-bitcoin-etfs-billion-inflows/" rel="noopener noreferrer nofollow">BlackRock’s</a> Bitcoin exchange-traded fund (ETF) has witnessed unprecedented trading activity, setting a new daily volume record amidst market fluctuations. The surge in trading volume comes as Bitcoin experiences a 6% decline from its daily high over the United States trading day.</p>
<h2 class="wp-block-heading" id="new-daily-volume-record">New daily volume record</h2>
<p>On March 14, nearly 100 million shares of BlackRock’s spot Bitcoin ETF were traded, totaling over $3.9 billion in trading volume. This surpasses the previous record of $3.7 billion set less than ten days ago on March 5, marking a significant milestone for the fund.</p>
<p>The surge in trading activity coincided with a 6% drop in Bitcoin’s price during the U.S. trading day. Despite this, BlackRock’s ETF has continued to attract investor interest, emerging as the top-performing fund by volume and net inflows among the ten new ETFs launched in January.</p>
<p>While BlackRock’s ETF dominates in trading volume, the Grayscale Bitcoin Trust (GBTC) remains the largest among the ten U.S. Bitcoin ETFs by assets. However, on March 14, BlackRock’s ETF surpassed GBTC in trading volume, highlighting its growing prominence in the market.</p>
<h2 class="wp-block-heading" id="market-trends-and-analysis">Market trends and analysis</h2>
<p>The rise of Bitcoin ETFs has reshaped the landscape of cryptocurrency investment. Bloomberg ETF analyst Eric Balchunas noted that the combined monthly trading volumes of the ten ETFs have already exceeded previous months’ figures, with over $65 billion in volume recorded in March, indicating a significant uptick in investor participation.</p>
<p>The surge in trading volume and investor interest in <a href="https://www.cryptopolitan.com/blackrocks-bitcoin-etfs-billion-inflows/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> reflect the growing acceptance of cryptocurrencies in traditional financial markets. Despite recent price fluctuations, the overall trend suggests increasing confidence and adoption of digital assets among investors.</p>
<p>BlackRock’s Bitcoin ETF has set a new milestone in trading activity, signaling robust investor demand for cryptocurrency exposure. As market dynamics continue to evolve, the performance of Bitcoin ETFs will likely remain a key indicator of sentiment and adoption within the broader investment community.</p>

BlackRock Bitcoin ETF sets new daily volume record amid market fluctuations

목차

Cryptopolitan_News

2024년 3월 15일에 게재된 다른 기사

Bitcoin Halving: Tether CEO Paolo Ardoino on Unpredictable Future Pricing

Web Pioneer Tim Berners-Lee Foresees AI and VR as Next Web Frontiers

Bitcoin Sinks Following New ATH, Trader Unfazed and Prepares for ETH Rally

Dogecoin And PEPE Lead Market Gains Over The Past Month As Rebel Satoshi’s New Launch $RECQ Takes...

FTX Founder Sam Bankman-Fried Could Face 50 Years in Prison

Crypto Trader Says Top-10 Altcoin Primed To Hit New All-Time High, Updates Outlook on Aave and In...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!