U.S.-based Bitcoin ETFs saw $10 billion in trading volume on March 5, beating last week's $7.7 billion record.
The United States spot Bitcoin (BTC) exchange-traded funds (ETF) had a record $10 billion in trading volume on March 5 as Bitcoin notched a new all-time high before it plummeted around 12% over the next five hours.
“These are bananas numbers for ETFs under [two months] old,” Bloomberg ETF analyst Eric Balchunas said in a March 5 X post reporting the figures.
Bitcoin analyst Alessandro Ottaviani posted a slightly lower trading volume of $9.58 billion for the funds — which still beat the previous record of $7.7 billion set on Feb. 28.
