The outlook of the spot Bitcoin ETF market has been diverse with one asset management firm leading now and another taking over in a few hours.
Grayscale’s GBTC Trading Volume Hits $338M
Bloomberg Intelligence data for spot Bitcoin ETF trading day 16 shows that Grayscale’s GBTC is leading the market with $338 million in trading volume. BlackRock’s IBIT is following closely at second position with $233.4 million and Fidelity’s FBTC is next with $176.4 million. By these statistics, it is obvious that Grayscale is winning a resounding victory over its closest competitors by more than $100 million.
The volume race isn’t even close today. $GBTC trouncing peers by over $100 mln. Another day with aggregate dollar volumes below $1 billion though pic.twitter.com/xPCvIZPM3a
— James Seyffart (@JSeyff) February 2, 2024
Noteworthy, this new data arises in less than 24 hours after it was reported that BlackRock outperformed Grayscale. As of February 1, IBIT’s trading volume was around
We współpracy z: https://coingape.com/grayscale-leads-spot-bitcoin-etf-race-as-investors-reassess-data/
