BTC Reaches $68,000, Bitcoin ETF Trading Volume Reaches New High, Asset Size Exceeds 50% of Gold ETF
With Bitcoin nearing its all-time high, the trading volume of spot ETFs continues to show strong performance, with the top ten Bitcoin spot ETFs achieving the second-highest trading volume in history.
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Bitcoin ETF achieves second-largest trading volume
Grayscale sells off one-third of its holdings
Bitcoin ETF reaches 50% of gold ETF size in two months
Bitcoin ETF achieves second-largest trading volume
Data released by Bloomberg analyst Eric Balchunas shows that the trading volume of the top ten Bitcoin spot ETFs (excluding Hashdex) surpassed $5.5 billion on the evening of the 4th, marking the second-largest trading volume since the first day of trading on January 11th.
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, with assets under management exceeding $1.1 billion, and the trading volume of the top ten spot ETFs has grown by over 30% in the past six days.
Grayscale sells off one-third of its holdings
BitMEX Research pointed out that on March 4th, GBTC saw an outflow of approximately 5,450 BTC (about $368 million), and on January 11th, Grayscale held 202,874 BTC, representing a decrease of approximately 33% in Bitcoin holdings since GBTC transitioned to spot ETFs.
Bitcoin ETF reaches 50% of gold ETF size in two months
Eric Balchunas, a Bloomberg analyst, pointed out that besides BlackRock (IBIT), Fidelity and Bitwise had net inflows of $400 million and $90.9 million, respectively.
He believes that the asset size of the top ten Bitcoin ETFs may surpass $50 billion after the opening 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 optimistic about surpassing gold ETF size within two years
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GBTC
Fidelity
Bitcoin ETF
BlackRock
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