According to the Daily Planet, Bloomberg analyst Eric Balchunas posted on the X platform that as of 12:57 a.m. on February 20, the daily trading volume of VanEck Bitcoin Spot ETF (HODL) had reached $258 million, 14 times its average daily trading volume; and these transactions did not come from a single large investor, but 32,000 individual transactions, 60 times its average trading volume. According to the data updated later, the trading volume of VanEck Bitcoin Spot ETF yesterday exceeded $399 million.