Spot bitcoin ETF cumulative trading volume crosses $100 billion

2024-03-08 15:47:00 Views
After their January debut, the newly launched U.S. spot Bitcoin BTC +1.48% ETFs kicked off to a roaring start and have now reached a significant level.

Over the past two weeks, accelerated activity has pushed the price of Bitcoin to new heights. On Friday, spot Bitcoin ETFs reaching the important trading milestone of over $100 billion, according to Yahoo Finance data compiled by The Block.

Passing the $100-billion mark comes after Monday's nearly $10 billion in cumulative trading volume and last week's record-breaking result. Cumulative trading volumes for the spot bitcoin ETFs totaled a record $22.3 billion last week, according to The Block’s data dashboard.

Overall the three most popular products, in terms of volume, have been those offered by BlackRock, Fidelity and Grayscale. On Tuesday of this week, BlackRock’s fund hit new record for daily inflows of $788.3 million as bitcoin reached a new all-time high above $69,000 for the first time since November 2021.

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Title:Spot bitcoin ETF cumulative trading volume crosses $100 billion - Markets
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