Trading volume in spot Bitcoin ETFs saw a significant increase in March, reaching $111 million compared to February’s $42.2 million. This surge in volume highlights the growing interest in these recently introduced crypto-based financial instruments.
According to Bloomberg Senior ETF Analyst Eric Balchunas, March marked a significant milestone with total trading volume for Bitcoin ETFs reaching $111 billion.
While Grayscale, BlackRock, and Fidelity’s spot ETFs continue to dominate trading volume, Grayscale’s GBTC fund has seen a decline in total outflows, dropping 46% since its debut in January.
Despite this, GBTC still holds a significant amount of BTC, currently valued at $22 billion.
