Bitcoin ETF hits second largest trading volume! Gold ETF scale reached 50% in two months

As Bitcoin approaches all-time highs, the trading volume of spot ETFs continues to grow, with the top ten Bitcoin spot ETFs hitting their second-highest trading volume.

Bitcoin ETF has the second largest trading volume

According to data released by Bloomberg analyst Eric Balchunas, excluding Hashdex, the trading volume of ten Bitcoin spot ETFs exceeded 55 on the evening of the 4th billion, setting a second-highest record since the first day of trading on January 11.

The data are as follows:

• BlackRock: US$2.4 billion

• Grayscale: US$1.5 billion

• Fidelity: $1 billion

• Ark: $245 million

• Bitwise: $163 million

Among them, the trading volume of BlackRock IBIT is 2.4 billion US dollars, the asset management scale exceeds 1.1 billion US dollars, and the trading volume of 10 spot ETFs has increased by more than 30% in the past 6 days.

The grayscale sell-off progress has reached 1/3

BitMEX Research pointed out that on March 4, GBTC outflowed approximately 5,450 Bitcoins (approximately 368 million U.S. dollars), while on January 11, grayscale Du holds 202,874 Bitcoins, which means that since GBTC was converted to a spot ETF, its Bitcoin holdings have decreased by approximately 33%.

Bitcoin ETF reached 50% of gold ETF size in two months

Bloomberg analyst Eric Balchunas pointed out that in addition to BlackRock (IBIT), Fidelity and Bitwise each have 400 million , a net inflow of US$90.9 million.

He believes that the asset size of the 10 Bitcoin ETFs may exceed US$50 billion after opening on the evening of the 5th. In less than two months, the asset size has exceeded half of the market value of gold ETFs.

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