US-based Bitcoin ETFs recorded a record $10 billion in trading on March 5, surpassing last week's record of $7.7 billion. These funds include BlackRock's iShares #BitcoinETF💰💰💰 (IBIT), Grayscale Bitcoin Trust (GBTC), and Fidelity Wise's Origin Bitcoin Fund (FBTC). IBIT has the largest volume reaching $3.7 billion. Although Bitcoin reached an all-time high price of $69,200 on March 5, it has since dropped about 12% to a low of $60,860. However, a partial recovery took the price to $63,350. Bitcoin ETFs have also recorded similar price declines, down around 8.6% on the day. Analysts emphasized that the sudden price swings are part of a "monthly ritual in a bull market" and criticized newcomers using Bitcoin through ETFs.
