Bitcoin ETF Trading Frenzy Continues After Record $673M Net Inflow as BTC Price Nears Record
Summary
U.S.-listed spot bitcoin exchange-traded funds (ETFs) continue to experience a trading frenzy, with BlackRock's ETF (IBIT) posting over $1 billion in trading volume for the fourth consecutive day. Almost 36 million IBIT shares worth over $1.2 billion were traded, while Grayscale's GBTC and Fidelity's FBTC traded over $880 million and $660 million respectively. This follows a record-breaking day when 10 spot bitcoin ETFs traded $7.7 billion in total, with IBIT hitting $3.3 billion in volume. Spot bitcoin ETFs also attracted $673 million of net inflows, the largest single-day allocation since their debut in early January. Bitcoin's value hovered around $61,000, down 0.3% over the past 24 hours.
