According to Golden Finance, based on data from Bloomberg Intelligence, as of the close of U.S. stocks on February 1, the daily trading volume of BlackRock’s Spot Bitcoin ETF (IBIT) exceeded GBTC for the first time, with IBIT slightly exceeding US$300 million and GBTC approximately US$290 million.
Bloomberg analyst James Seyffart said: "There is still some after-hours trading, but it looks like IBIT is the first ETF to exceed Grayscale GBTC in single-day trading volume. Although today's total trading volume was US$924 million, it was still a bit bad. This is the first time that the single-day trading volume of this type of product has been less than US$1 billion since its inception."
