Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Bitcoin ETFs Trading Volume Reaches $5.5 Billion on March 4: Report

Published 03/05/2024, 02:10 PM
Updated 03/05/2024, 02:15 PM
© Reuters. Bitcoin ETFs Trading Volume Reaches $5.5 Billion on March 4: Report
BTC/USD
-
BITO
-

  • The Spot Bitcoin ETFs saw their second-largest volume day on March 4, with a total volume of $5.5 billion.

  • BlackRock’s IBIT alone saw an individual trading volume of $2.4 billion, surging past $11 billion in AUM.

  • The last week marked the second-highest inflow in digital-asset investment products, led by Bitcoin.

The Spot Bitcoin exchange-traded funds have led the ETF market with staggering inflows and remarkable trading volume. While the last week witnessed record-high inflows in ETFs, March 4 marked the second-biggest volume day.

In an X post, ETF analyst Eric Balchunas asserted that with a total volume of $5.5 billion on March 4, the Bitcoin ETF market saw its second-largest trading volume. Reportedly, BlackRock’s iShares Bitcoin ETF (IBIT) continues to lead the charge with an individual trading volume of $2.4 billion. IBIT has surged past $11 billion in AUM.

Further, Balchunas added that each of t…

The post Bitcoin ETFs Trading Volume Reaches $5.5 Billion on March 4: Report appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.