Cumulative Spot BTC ETF Volume Crosses $11 bn
The cumulative volume of 11 spot bitcoin ETFs reached $11.1 billion in their fourth day of trading, with Grayscale, BlackRock, and Fidelity dominating with over 90% of the total volume.
Daily volume declined to $1.5 billion from $1.8 billion on Tuesday, ranking well below the $3 billion seen last Friday and $4.6 billion on day one.
BlackRock and Fidelity’s spot bitcoin ETFs led in terms of fresh capital flowing into the 11 crypto-based instruments trading on different exchanges, with each fund bringing in over $400 million of inflows.
(With inputs from Shikha Singh)
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