- The trading volumes of spot BTC ETFs secured a new high of $2.4 billion on Tuesday, excluding Grayscale’s GBTC.
- Bitcoin broke above $56,000, making a two-year high.
- BlackRock’s spot BTC ETF (IBIT) recorded $1.29 billion in daily trading volume.
The trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETF) reached an all-time high of $2.4 billion on February 26, eclipsing the previous record set on the first trading day, January 11. However, the soaring figures exclude volume from Grayscale’s Bitcoin ETF product (GBTC).
The spike in trading volumes coincided with Bitcoin’s meteoric rise, touching $56,660 on Monday—a two-year all-time high but still trailing the peak of $69,044 reached on November 10, 2021, according to CoinMarketCap data.
As per prominent analyst, Eric Balchunas, BlackRock’s iShares Bitcoin Trust (IBIT) dominated the market, recording $1.29 billion in trading volume on February 26—a staggering 30% increase, setting its own daily record. Following closely, Fidelity’s FBTC secured the second position with $576 million in trading volume.
Notable inflows were also reported from ARK 21Shares (ARKB) and Bitwise (BITB) …
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