Bitcoin exchange-traded funds (ETFs) have experienced a staggering $10 billion in total trading volume in just a three-day period.
Bitcoin exchange-traded funds (ETFs) have experienced a staggering $10 billion in total trading volume in just a three-day period.
The update, which has been provided by ETF analyst James Seyffart via social network X, shows a strong appetite for exposure to digital assets through regulated financial markets.
high rollers
Among notable performers, Grayscale Bitcoin Trust (GBTC) leads with a total volume of over $5 billion, followed by iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) with $1.995 billion and $1.468 billion, respectively. .
ARK’s 21Shares Bitcoin ETF (ARKB) has also shown notable inflow with $567 million in trading.
This rush of trading suggests that both institutional and retail investors are increasingly comfortable trading Bitcoin through traditional investment vehicles.
A “crazy” achievement
Eric Balchunas, another seasoned ETF analyst, put the explosive growth of Bitcoin ETFs into perspective by comparing its trading volume to the entire cohort of ETFs launched in 2023. With the new ETFs achieving a combined volume of $450 million, the Bitcoin ETF market outperformed them by a significant margin. Balchunas describes this volume as “crazy.”
The comparison reveals that Bitcoin ETFs have managed to capture the market’s attention and trading power, potentially offering them greater longevity and relevance in the market.
The growing trading volume of Bitcoin ETFs is a testament to the validation of the cryptocurrency market as a major investment category.
How these funds will perform in the long term remains to be seen, but the current trend suggests growing acceptance of Bitcoin within the traditional financial world.
