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Bitcoin ETF Trading Soars to New Heights, Surpassing Launch Day Volume: Bloomberg Report

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Discover the latest news about the new Bitcoin spot ETF trading volume setting a daily record, surpassing its launch day performance. Get all the details from Bloomberg and stay informed about the ever-evolving world of cryptocurrency trading.



The recently launched nine new spot bitcoin ETFs have achieved a remarkable milestone in terms of daily trading volume. Bloomberg Senior ETF Analyst Eric Balchunas reported a record-breaking $2.4 billion in combined buying and selling activity on Monday.

Leading the pack was BlackRock’s spot bitcoin ETF, which alone accounted for $1.3 billion in trading volume. Balchunas highlighted the significance of this achievement, noting that reaching the $1 billion mark in trading volume signifies institutional interest in these new ETFs.

Carson Group, a prominent $30 billion registered investment advisor platform, has approved four of these spot bitcoin ETFs for use by financial advisors utilizing their services. The approved ETFs include offerings from BlackRock, Fidelity, Franklin Templeton, and Bitwise.

These new ETFs, excluding Grayscale’s converted fund, have attracted attention from investors and institutions alike. Alongside BlackRock, major players in the space such as Fidelity, Bitwise, Ark 21Shares, Invesco, VanEck, Valkyrie, Franklin Templeton, and WisdomTree have introduced their own spot bitcoin ETF products.

In total, including Grayscale’s fund, these spot bitcoin ETFs have generated nearly $52 billion in cumulative trading volume since their launch on Jan. 11. The surge in trading activity coincided with the price of bitcoin approaching the $55,000 mark on Monday.

It’s evident that the growing interest in spot bitcoin ETFs is reshaping the crypto investment landscape. Investors seeking exposure to digital assets now have a diverse range of options to choose from, thanks to the launch of these new ETFs.

Disclaimer: The Block is an independent media outlet that provides news, research, and data. As of November 2023, Foresight Ventures is a majority investor in The Block, which continues to deliver unbiased information about the crypto industry. For more information, please refer to our financial disclosures.

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