BlackRock overtakes Grayscale giant in Bitcoin trading!

BlackRock's spot Bitcoin ETF, one of the world's largest asset managers, outperformed the Grayscale giant.

02.02.2024 - 09:20 Created at

BlackRock overtakes Grayscale giant in Bitcoin trading!

BlackRock's iShares Bitcoin Trust (IBIT) was the first to overtake the Grayscale Bitcoin Trust (GBTC) in terms of trading volume after the ETFs began trading on January 11.

BlackRock's spot Bitcoin ETF saw a total trading volume of $301 million on February 1, according to Bloomberg data. In contrast, the trading volume of the Grayscale Bitcoin Trust fund remained at $290 million.

Fidelity Wise Origin Bitcoin Fund, the largest fund after Grayscale and BlockRock funds, attracted $170 million in volume.

Spot Bitcoin ETFs recorded a total trading volume of $ 924 million in total. Thus, for the first time since ETFs started trading, the daily trading volume fell below $ 1 billion for the first time.

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David Goodman