Bitcoin ETFs Smash $10B Trading Volume Record Amid Wild BTC Price Action
Summary
U.S.-listed spot bitcoin ETFs experienced their busiest trading day ever as bitcoin's price fell over 10% after reaching a record high above $69,000. The ten ETFs surpassed $10 billion in trading volume, breaking the previous week's daily record. BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB and ARKB, co-managed by Ark Invest and 21Shares, all set personal volume records. BlackRock's IBIT was the fourth most traded among all ETFs, with over $3.8 billion in volume. The heavy trading could indicate profit-taking, with traders potentially selling ETF shares to secure bitcoin's 50% price gain over the past month.
