Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etf-trading-volume-reaches-record-highs-in-the-u-s/" data-wpel-link="internal">Bitcoin ETF Trading Volume Reaches Record Highs in the U.S.</a><br></p>
<p style="text-align: justify">On Tuesday, the total daily trading volume of spot Bitcoin ETFs in the U.S. hit a record $4.75 billion, up from $3 billion the previous day, indicating a surge in investor interest. Daily net inflows also reached $870 million, the highest level seen since the first week of June. BlackRock’s spot Bitcoin ETF, IBIT, attracted significant attention with a net inflow of $642.87 million, marking the largest single-day inflow in the past seven months.</p> 
<h2 style="text-align: justify" id="strong-growth-in-ibit-and-other-etfs-trading-volumes-strong"><strong>Growth in IBIT and Other ETFs’ Trading Volumes</strong></h2> 
<p style="text-align: justify">BlackRock’s IBIT ETF recorded a daily trading volume of $3.36 billion, the highest level since March. Additionally, Fidelity’s FBTC saw a net inflow of $133.86 million, while Bitwise’s BITB ETF reported $52.49 million in net inflows. VanEck’s HODL ETF recorded a net inflow of $16.52 million, and ARK and 21Shares’ ARKB ETF noted a net inflow of $12.39 million. No inflows were reported for the other five spot Bitcoin ETFs.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-401881" src="https://coin-turk.com/wp-content/uploads/2024/10/Spot-Bitcoin-ETF-9-scaled.jpg" alt="" width="2560" height="1079"></p> 
<p style="text-align: justify">Bloomberg’s senior ETF analyst Eric Balchunas described the high trading volume for IBIT as “somewhat strange,” noting that such spikes typically occur during downturns or crises. He mentioned that sometimes a fear of missing out (FOMO) effect can lead to price surges and indicated that significant inflows might continue this week.</p> 
<p style="text-align: justify">As of the article’s preparation, Bitcoin was trading at $72,471, having risen 2.21% in the past 24 hours. The leading <a href="https://en.coin-turk.com/david-hirsch-leaves-sec-after-nine-years/" data-wpel-link="internal">cryptocurrency</a> briefly reached $73,200 yesterday, suggesting sustained interest in cryptocurrency ETFs among investors.</p> 
<h2 style="text-align: justify" id="spot-ethereum-etfs-also-witness-positive-inflows">Spot Ethereum ETFs Also Witness Positive Inflows</h2> 
<p style="text-align: justify">On Tuesday, spot Ethereum ETFs in the U.S. recorded positive net inflows totaling $7.65 million. BlackRock’s ETHA ETF saw an inflow of $13.62 million, while Grayscale’s ETHE recorded a net outflow of $5.97 million. Other seven Ethereum ETFs did not report any inflows or outflows, and the total trading volume of spot Ethereum ETFs rose to $280.55 million, surpassing the previous day’s level of $187.49 million.</p> 
<p>The post <a href="https://en.coin-turk.com/bitcoin-etf-trading-volume-reaches-record-highs-in-the-u-s/" data-wpel-link="internal">Bitcoin ETF Trading Volume Reaches Record Highs in the U.S.</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin ETF Trading Volume Reaches Record Highs in the U.S.

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