Today, BlackRock's spot Bitcoin ETF has surpassed a trading volume of $1 billion, ranking 11th among all ETFs.
Today, the trading volume of BlackRock's spot Bitcoin ETF (IBIT) surpassed $1 billion, ranking 11th among all ETFs and in the top 25 among stocks, according to data released by Bloomberg analyst Eric Balchunas. The analyst stated, "This is a crazy number for a newbie ETF, especially one of ten competitors. A billion dollars in daily trading is a very large level of volume, enough to (and then some) get institutions interested."
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