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Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice
Notably, BlackRock spot Bitcoin ETF trading volume soared to $1.357 billion, breaking previous records and witnessing over 100,000 unique transactions.
This marks the second day of remarkable growth for BlackRock IBIT, surpassing $1 billion in trading volume. Nasdaq data revealed that nearly 42 million shares were exchanged, more than double the average since its January debut.
While U.S.-listed spot Bitcoin ETFs collectively traded over $2 billion, slightly below Monday’s record-breaking volume of $2.4 billion, the industry continues to witness robust activity.
BlackRock spot Bitcoin ETF, one of the ten recently approved in the U.S., has notably led in inflows since its greenlight on January 10th, accumulating over $7.2 billion to date, according to BitMex Research. The anticipation surrounding BlackRock’s entry into the ETF space was immense, given its stature as the world’s largest fund manager.
The application for a Bitcoin ETF from BlackRock catalyzed a BTC rally last June, generating significant market interest. Since its launch, the Bitcoin ETF has outshone other crypto-focused funds, garnering substantial investor attention.
BlackRock’s strategic moves extend beyond Bitcoin, as evidenced by its application for an Ethereum spot ETF, aligning with the intentions of other top fund managers. CEO Larry Fink has expressed optimism, acknowledging the value of such products in diversifying investment portfolios.
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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