The 9 recently launched Bitcoin spot exchange-traded funds (ETFs) saw record daily trading volumes on Monday as Bitcoin's price spiked to a 2-year high above $54,000.
Total trading volume across all 9 ETFs hit $2.4 billion, handily beating the prior 1-day record of $2.2 billion set back on January 11, per data from Bloomberg's Eric Balchunas.
Driving over 50% of that volume was BlackRock’s iShares Bitcoin ETF (IBIT), which topped $1.29 billion in daily volume - itself a new record, besting its previous high by more than 30%.
Fidelity’s Wise Origin Bitcoin ETF (FBTC) followed in second place with $576 million in volume. Other ETFs like ARK 21Shares (ARKB) and Bitwise (BITB) saw $276 million and $81 million in trading, respectively.
The surge in interest comes as Bitcoin reached its highest price in 2 years, topping $54,000 and nearing its all-time high of around $69,000.
Year-to-date flows into the ETFs have now exceeded $5.5 billion, with IBIT, FBTC, ARKB, and BITB pulling in the most capital at around $6 billion, $4 billion, $1.4 billion, and $1 billion, respectively.
The record volumes highlight the growing institutional demand for crypto exposure through regulated investment vehicles.
With its innovative gameplay mechanics, vibrant visuals, and a competitive Return to Player (RTP) rate, Bouncy Bombs is set to captivate players looki...
Read moreJoin our subscribers list to get latest news and updates about our promos delivered directly to your inbox.