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BlackRock Spot Bitcoin ETF Trading Volume Expected to Top $1 Billion for Second Day in a Row

BlackRock Spot Bitcoin ETF Trading Volume Expected to Top $1 Billion for Second Day in a Row

2024/02/27 20:46

The BlackRock Spot Bitcoin ETF (IBIT) is on track to exceed $1 billion in trading volume for the second day in a row, following Monday's record-setting trading day. As of 1:22 p.m. ET, IBIT stock traded around $950 million, Nasdaq data showed. In an X-post, HODL15Capital noted that IBIT was the fifth most traded of all U.S.-listed ETFs in the morning, adding that Fidelity's Spot Bitcoin ETF (FBTC) also experienced "strong" volume.

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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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