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    Rajesh AK in Bitcoin

    29 Feb 10:00 AM


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    Spot Bitcoin ETF volumes shatter record with massive $7.7B traded

    Trading volumes for the ten new U.S. Bitcoin ETFs have set a new record, more than doubling their previous high from days ago.
    United States spot Bitcoin BTC $62,880 exchange-traded funds (ETFs) have set a new record for daily trading volumes — beating the previous tally by over one and a half times.

    The ten ETFs saw $7.69 billion in volume on Feb. 28, per data posted to X by Bloomberg ETF analyst James Seyffart.

    The previous record was $4.66 billion in volume seen on the fund’s Jan. 11 launch day.

    BlackRock’s iShares Bitcoin ETF (IBIT) took up 43.5% of the total — seeing $3.35 billion in trading volume and doubling its previous daily record.

    It’s also roughly the trading volume all ten ETFs saw the day prior on Feb. 27

    It’s retraced to as low as $60,000 but slightly recovered to trade above $62,000 at the time of publication, according to Cointelegraph Markets Pro.

    #Bitcoin
    #Business
    #ETF
    #United States

    Source - Coin Telegraph