VanEck's HODL deal skyrockets! Bitcoin spot ETF daily trading volume hits record high of US$2 billion!

php Editor Strawberry VanEck’s HODL trading surged, and the daily trading volume of the Bitcoin spot ETF reached $2 billion, setting a new high! This news triggered heated discussion and concern in the market. With the rapid development of the cryptocurrency market, investors' demand for digital assets continues to increase, and the launch of spot ETFs also provides investors with more choices and convenience. This groundbreaking data shows the huge potential and appeal of digital currencies such as Bitcoin in the investment field, and also points the way for the further development of the cryptocurrency market.

This huge trading volume mainly comes from three ETFs: VanEck’s $HODL, WisdomTree’s $BTCW and Bitwise’s $BITB. They each set records, reaching US$399 million and US$221 million respectively. and $178 million.

"$2 billion in trading volume would put them in the top 10 or so among ETFs and the top 20 or so among stocks, which is a pretty big number."

$HODL Trading The volume surged by more than 14 times

The data that $HODL’s trading volume exceeded $258 million has attracted attention. Analysts pointed out that this soaring figure was not driven by a single large investor, but was composed of 32,000 individual transactions, equivalent to 60 times its average daily number of transactions. This large individual transaction size reflects the strong interest in $HODL from small investors in the market, perhaps because they are optimistic about the digital currency’s potential appreciation prospects.

He has no definite explanation for this sudden and explosive increase in transactions. He only speculates that there are two reasons:

It may be that a Reddit or TikTok influencer asked them Followers recommended the product, which is very similar to the behavior of retail investors.

Another view is that this may be a transaction between market makers. However, he highlighted the higher liquidity of $IBIT and $BITO, leaving the institution’s motivations for doing so unclear.

Bitcoin spot ETFs have attracted more than 100,000 BTC

In terms of capital flow, Lookonchain statistics pointed out that Ark Investment’s $ARKB and Fidelity’s $FBTC had the most significant capital inflows yesterday. , respectively increased their holdings of 2,700 Bitcoins (worth approximately US$138 million) and 2,252 Bitcoins (worth approximately US$115 million). Eight ETFs excluding GBTC accumulated a total of 5,008 Bitcoins, worth approximately US$256 million.

In addition, GBTC’s latest capital outflow was US$137 million. From the graph drawn by netizen @Sinz_Bitguide, we can see that the outflow of capital in the early days of GBTC’s listing seems to be gradually fading.

Since the Bitcoin Spot ETF was launched, the product has had a net inflow of 107,401 Bitcoins, which is worth approximately US$5.584 billion based on the current price of approximately US$52,000.

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