Spot BTC ETF Trading Volume Exceeded $7.4 Billion Yesterday, Most of It Came from BlackRock

On November 13, the spot bitcoin ETF trading volume in the US exceeded $7.4 billion. Among them, the majority of the volume came from the BlackRock ETF, which reached a record $5 billion.

BlackRock began trading its bitcoin ETF on November 10, 2023, and is now one of the largest asset managers in the world,

Since the launch of the ETF, a significant number of investors have been attracted, which has led to an increase in trading volumes.

The launch of the BlackRock bitcoin ETF has also had a positive impact on other crypto funds.

Investors who were previously cautious due to the volatility of bitcoin can now invest in it through more traditional financial instruments. This can lead to increased liquidity in the cryptocurrency market and reduced volatility.