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Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice
This marked the largest spot Bitcoin ETF trading day since its listing, indicating robust investor interest in cryptocurrency. Notably, HODL, BTCW, and BITB also reached new highs in trading volume, with $399.924 million, $221.903 million, and $178.29 million respectively.
Demand for Bitcoin ETFs continued to soar last week, with a record $2.4 billion pouring into digital asset investment products, as reported by crypto asset management firm CoinShares on Monday.
Allocations to newly approved U.S.-based spot Bitcoin ETFs notably outpaced outflows from Grayscale’s Bitcoin Trust (GBTC), which shifted to an ETF structure. BlackRock’s IBIT and Fidelity’s FBTC attracted $1.6 billion and $648 million respectively, overshadowing GBTC’s $623 million outflows.
VanEck spot Bitcoin ETF also saw a remarkable uptick, surpassing $300 million in trading volume, marking a tenfold surge compared to its previous best trading day. Data from Yahoo Finance revealed that the ETF’s earlier high daily trading volume stood at $25.5 million, recorded on its launch day – January 11th.
These developments underscore the growing mainstream acceptance and adoption of Bitcoin ETFs among investors, as they seek exposure to the burgeoning cryptocurrency market through regulated investment vehicles.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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