$9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs 

$9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs 

On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most funds slightly over 1% lower against the U.S. dollar, with Grayscale’s GBTC capturing the lion’s share of the trading volume.
Grayscale’s GBTC Dominates as Bitcoin ETF Trading on Tuesday Taps $1.94 Billion
This downturn in trading vigor was evident when compared to the initial two days for the nine newly introduced spot bitcoin ETFs, along with the recently converted GBTC ETF. Market data revealed that the total trading volume for the ten U.S.-focused spot BTC ETFs amounted to a total of $1.94 billion. The day prior saw $3.15 billion in global trade volume and to date, $9.63 billion has been recorded across all three days of trading.
GBTC and Blackrock’s IBIT dominated the trading volume, with GBTC registering a significant $1.01 billion

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