With Bitcoin approaching a new all-time high, the trading volume of spot ETFs continues to show strong performance, with the top ten Bitcoin spot ETFs setting the second-highest trading volume in history.
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Bitcoin ETF Sets Second-Highest Trading Volume
Grayscale’s Selling Progress Reaches 1/3
Bitcoin ETF Reaches 50% of Gold ETF Size in Two Months
Bitcoin ETF Sets Second-Highest Trading Volume
Data released by Bloomberg analyst Eric Balchunas shows that the trading volume of ten Bitcoin spot ETFs (excluding Hashdex) surpassed $5.5 billion on the evening of the 4th, setting the second-highest trading volume since the first day of trading on January 11.
The data is as follows:
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BlackRock: $2.4 billion
Grayscale: $1.5 billion
Fidelity: $1 billion
ARK: $245 million
Bitwise: $163 million
Among them, BlackRock’s IBIT had a trading volume of $2.4 billion and assets under management exceeded $1.1 billion. The trading volume of the ten spot ETFs has grown by more than 30% in the past six days.
Grayscale’s Selling Progress Reaches 1/3
BitMEX Research pointed out that on March 4th, GBTC experienced an outflow of approximately 5,450 Bitcoins (about $368 million), while on January 11th, Grayscale held 202,874 Bitcoins. This represents a decrease of approximately 33% in Bitcoin holdings since the conversion to spot ETFs.
Bitcoin ETF Reaches 50% of Gold ETF Size in Two Months
Eric Balchunas, a Bloomberg analyst, stated that besides BlackRock (IBIT), Fidelity and Bitwise had net inflows of $400 million and $90.9 million, respectively.
He believes that the assets under management of the ten Bitcoin ETFs may surpass $50 billion after the market opens on the 5th, taking less than two months to exceed half of the market value of gold ETFs.
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Bitcoin ETF Shows Strong Performance, Bloomberg Analyst Bullish on Surpassing Gold ETF Size in Two Years
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GBTC
Fidelity
Bitcoin ETF
BlackRock
Further Reading:
Bitcoin Touches 64K, Ether Challenges 3500, Long and Short Liquidations Difficult to Escape
Grayscale Sees Lowest Outflows, Bitcoin ETF Trading Volume Hits New High, Bitcoin Surges to 57K