Bitcoin Spot ETF Shoot For New All-Time Highs With 100% Daily Volume Increase
Spot Bitcoin ETFs had a record week, with $6 billion traded on February 28, doubling the previous record. BlackRock's IBIT and Fidelity's FBTC led with $3.3 billion and $1.4 billion traded, respectively. Including GBTC, the ten Spot Bitcoin ETFs traded $7.69 billion. Additionally, Bitcoin futures ETFs recorded over $2 billion in trading volume. The ETFs also set a new daily inflows record of $673 million, with IBIT alone bringing in $612 million. BlackRock's IBIT, Grayscale's GBTC, Fidelity's FBTC, and Ark Invest's ARKB have over $2 billion in assets under management. Demand for these ETFs is expected to rise, with wirehouse platforms considering adding them to their offerings. BTC is currently trading at around $62,900, up over 10% in the last 24 hours.
