BlackRock’s IBIT fund is leading the spot Bitcoin ETF pack as February 7 sees billion dollars in trading volume.
Total daily trading volume for spot Bitcoin exchange-traded funds (ETFs) topped a billion dollars on Feb. 7, with BlackRock leading the pack.
Bloomberg Intelligence analyst James Seyffart described it as a “big volume day” for BlackRock’s IBIT Bitcoin ETF, which saw a daily trading volume of $341.2 million, eclipsing Grayscale Bitcoin Trust’s $296.5 million in volume, according to Seyffart.
Meanwhile, Fidelity’s FBTC fund came in third with $200 million in volume, and the remaining seven funds had $188 million in daily volume — bringing the total for the day to more than a billion dollars.
