Yesterday, as the price of Bitcoin (BTC) fell below $68,000, the daily trading volume of the BlackRock Spot Bitcoin Exchange Traded Fund (ETF) set another record.
According to available data, BlackRock's IBIT Fund traded 99.3 million shares on March 14, surpassing its previous record of $3.7 billion, set less than 10 days ago, with a volume of more than $3.9 billion. It was registered on March 5, failed.
As such, the BlackRock Bitcoin ETF has the highest performance in terms of trading volume and net inflows among the ten new ETFs launched in January. However, Grayscale's Bitcoin Trust Fund (GBTC) remains the largest of the top ten US Bitcoin ETFs by assets; However, its trading volume on March 14, with a record of $1.96 billion, ranked second after IBIT.
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Bitcoin ETFs have reportedly traded $65 billion so far this month, more than $20 billion more than the nearly $42 billion they traded in February. Net capital inflows into ETFs also kept pace and on March 12 recorded a daily net inflow of more than $1 billion.
Cointelegraph
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