BlackRock’s iShares Bitcoin Trust ETF (IBIT), by far the most successful of the 10 spot bitcoin exchange-traded funds, started trading on the Brazilian stock exchange B3, the company said. The asset manager announced the expansion on Thursday. Original
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Ten new U.S. spot bitcoin exchange-traded funds (ETFs) have shattered both inflow and trading volume records. The 10 funds took in $673.4 million, with Blackrock’s Ishares Bitcoin Trust (IBIT) accounting for $612.1 million of the total inflow. The 10 bitcoin ETFs also set a new record for total trading volume. Spot Bitcoin ETFs Set New […] Original
As of 1:30 p.m. Eastern time (18:30 UTC), almost 36 million IBIT shares worth over $1.2 billion changed hands with two hours left of the trading session, per Barchart. Grayscale’s GBTC and Fidelity’s FBTC are also having a strong day, trading over $880 million and $660 million, respectively, so far. Source
Bitcoin spot trading volumes on centralized exchanges returned to peaks last seen when FTX crashed amid daily sustained demand for ETFs investing in crypto’s top currency. Trading volumes for spot Bitcoin (BTC) skyrocketed to a 16-month high on Feb. 28, with $34 billion worth of cumulative trades on CEXs, according to Kaiko data. Binance was at the forefront of BTC trading on the day and recorded over $17 billion in Bitcoin trading volume. Bybit trailed behind at $3.5 billion, while Coinbase reached nearly $3 billion as the platform experienced a…
On Feb. 28, 2024, trading volume for nine spot Bitcoin (BTC) ETFs approached $6 billion. The figure is more than double the previous high set on Feb. 26, when the trading volume was $2.4 billion, Bloomberg Intelligence analyst Eric Balchunas said. RIDIC: the New Nine doubled their volume record (set Monday) with just about $6b traded.. $IBIT led w $3.3b of it, Fidelity did $1.4b (both double their prev records). The total number of trades was double too, over half a million individual trades bt them. $IBIT alone > $QQQ.…
Retail traders appear to be using a new tool during this huge rally for bitcoin — exchange-traded funds. The funds, which launched last month, have seen their trading volume surge this week as bitcoin continues to climb. For example, the iShares Bitcoin Trust (IBIT) had already seen more than 61 million shares change hands by early afternoon on Wednesday, according to FactSet. That is well above its previous record high of roughly 43 million shares, which came on Tuesday. Another multibillion dollar fund, the Fidelity Wise Origin Bitcoin Fund (FBTC),…
Spot Bitcoin (BTC) ETFs have continued to attract interest from market participants, having recorded two new all-time highs in trading volumes over the past two days amid the latest Bitcoin uptrend. According to Santiment, the combined trading volume for the seven largest spot Bitcoin ETFs stood at $7.64 billion as of Feb. 26. This figure represents the current record high, having surpassed the previous record of $6.15 billion by $1.49 billion. Interestingly, the market witnessed the $6.15 billion high on Feb. 25, suggesting that the latest ATHs were attained in…
Bitcoin NFTs on Magic Eden have seen their best month yet for fees and trading volume amid sustained interest in the leading cryptocurrency from industry participants and Wall Street. Magic Eden’s Bitcoin NFT market peaked this month with over $100 million in trading volume transacted by digital collectibles traders, per a Dune Analytics dashboard provided by pseudonymous contributor Sealaunch. The $2 million in fees paid for buying and selling Bitcoin NFTs on Magic Eden also set a record high on the platform. There were more than 45,000 buyers on the…
Bitcoin’s value soared to its highest point over two years, surpassing the $53,000 mark. The leading digital currency experienced an upswing of up to 3.3%, reaching $53,456, a price point not seen since December 2021. According to CoinMarketCap, BTC trading volume has surged over 50% today. The uptick occurred in the wake of reports that MicroStrategy, under the leadership of Michael Saylor, expanded its Bitcoin portfolio by purchasing an additional 3,000 units at a total cost of $155.4 million. MicroStrategy’s total Bitcoin investment is now valued at nearly $10 billion.…