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Today, BlackRock's spot Bitcoin ETF has surpassed a trading volume of $1 billion, ranking 11th among all ETFs.

Today, BlackRock's spot Bitcoin ETF has surpassed a trading volume of $1 billion, ranking 11th among all ETFs.

2024/02/26 21:59

Today, the trading volume of BlackRock's spot Bitcoin ETF (IBIT) surpassed $1 billion, ranking 11th among all ETFs and in the top 25 among stocks, according to data released by Bloomberg analyst Eric Balchunas. The analyst stated, "This is a crazy number for a newbie ETF, especially one of ten competitors. A billion dollars in daily trading is a very large level of volume, enough to (and then some) get institutions interested."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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