Bitcoin ETFs Daily Trading Volumes on Record High

Bitcoin ETFs Daily Trading Volumes on Record High

Reported by Cointelegraph, Trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETF) have notched a new daily record.

Trading volumes for the nine topped $2.4 billion on Feb. 26, beating the prior record of $2.2 billion set on the first trading day — Jan. 11, according to data shared by Bloomberg ETF analyst Eric Balchunas.

The figures on both days excluded volume from Grayscale’s converted Bitcoin ETF product (GBTC).

BlackRock’s IBIT took in the most volume on Feb. 26 with $1.29 billion — setting its own daily record by about 30% — while Fidelity’s FBTC came in second at $576 million.

Flows from the ARK 21Shares (ARKB) and Bitwise (BITB) ETFs tallied $276 million and $81 million respectively.

Fellow Bloomberg ETF analyst James Seyffart noted Feb. 26 was the second largest trading day recorded at $3.2 billion when including flows from Grayscale’s Bitcoin ETF.

Earlier in the trading day, when IBIT surpassed the $1 billion milestone, Balchunas noted that IBIT had taken in the 11th largest volume among all ETFs.

Source

Bitcoin

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