The Nine’ spot Bitcoin ETFs see $2B volume for 2nd straight day :
Nine of the recently launched spot Bitcoin exchange-traded funds (ETFs) have recorded a second straight trading day of combined volumes of over $2 billion as demand and interest remain heated.
In a Feb. 27 X post, Bloomberg ETF analyst Eric Balchunas described it as “another intense volume day for the Nine” — the ETFs bar Grayscales converted Bitcoin trust. He noted BlackRock’s ETF notched a new record $1.3 billion in daily volume, more than most large-cap United States stocks.
“I don’t know if this is a new normal or some kind of short-term [algorithm or arbitrage]-related burst,” he wrote.
BlackRock’s iShares Bitcoin ETF (#IBIT) saw over 100,000 individual trades on Feb. 27, up from the around 30,000 to 60,000 average daily trades, Balchunas observed.
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