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Spot Bitcoin ETF Volumes Surge To $10B — ‘More Activity Than The Entire 2023 Freshman Class,’ Says Senior Analyst

Published by
Benzinga

The debut of spot Bitcoin (CRYPTO: BTC) exchange-traded funds in the market has captured the attention of investors with trading volumes soaring to approximately $10 billion in the first three days. What Happened: Grayscale Investments witnessed its Bitcoin Trust ETF (now GBTC after its ETF conversion) achieve about 25 million shares traded on Tuesday—translating to approximately $970 million—according to data analyzed from Yahoo Finance. This follows an initial flurry of trading that saw $2.3 billion on Thursday and $1.8 billion on Friday. Senior Bloomberg ETF analyst Eric Balchunas said, “Le…

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