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Homeweb3.0Bitcoin spot ETF trading is booming! BlackRock's IBIT turnover exceeded US$1.3 billion for 2 consecutive days

Bitcoin spot ETF trading is booming! BlackRocks IBIT turnover exceeded US$1.3 billion for 2 consecutive days

The Bitcoin spot ETF trading frenzy continues to surge, with the total trading volume exceeding US$2 billion for two consecutive days, and the trading volume of BlackRock's IBIT also exceeding US$1.3 billion for the second consecutive day.

Bloomberg ETF analyst Eric Balchunas wrote at the close of trading on Tuesday that IBIT’s trading volume reached US$1.357 billion that day, higher than Monday’s US$1.3 billion, setting a new record for single-day trading volume. A total of 42 million shares of IBIT changed hands on Tuesday, more than double the average daily volume since it went public in January, according to Nasdaq data.

Bitcoin spot ETF trading is booming! BlackRocks IBIT turnover exceeded US$1.3 billion for 2 consecutive days

Bitcoin investor HODL15Capital pointed out that IBIT ranks fifth among all U.S. ETFs in terms of morning trading volume. He also mentioned that the trading volume of Fidelity’s Bitcoin spot ETF FBTC has also shown strong growth.

According to data provided by Eric Balchunas, the total turnover of U.S.-listed Bitcoin spot ETFs exceeded $2 billion on Tuesday, slightly lower than the historical record of $2.4 billion set on Monday.

According to data from CoinShares, as of last Friday, the cumulative trading volume of all Bitcoin spot ETFs in the United States was close to US$52 billion, of which net inflows reached US$5.8 billion.

The Bitcoin spot ETF has attracted considerable trading volume, showing the increasing popularity of this type of investment tool, but it has also had an impact on market dynamics. Kaiko analysts found that Bitcoin’s weekend trading volume this year The proportion has dropped to 13%, reaching a historical low, which is closer to the traditional financial market and the working hours of large traders. It is in sharp contrast to the original situation of uninterrupted trading 24 hours a day, 7 days a week.

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