• April 23, 2024

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Monthly Trading Volume of Spot Bitcoin ETFs Hit $111B Last Month

ByLouis Adams

Apr 3, 2024 #Bitcoin
Reading time: < 1 minute

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.