Bitcoin

<ul><li>Bitcoin ETFs reached an all-time high trading volume of approximately $2 billion on February 20, marking a significant milestone in cryptocurrency investment.</li><li>VanEck&#39;s spot Bitcoin ETF and WisdomTree&#39;s Bitcoin Fund (WBTC) were among the top performers, with VanEck&#39;s ETF trading volume surpassing $300 million.</li><li>In response to the growing market interest, VanEck announced a fee reduction for its Bitcoin ETF.</li></ul>Bitcoin Exchange-Traded Funds (ETFs) experienced a landmark day on February 20, with trading volumes soaring to approximately $2 billion across nine ETFs. This surge, highlighted by Bloomberg Intelligence&#39;s Eric Balchunas, represents the most significant single-day trading activity for Bitcoin ETFs since their inception.Notably, ETFs such as HODL, BTCW, and BITB played a pivotal role in achieving this record, each surpassing their previous trading volume highs. The substantial trading volume not only underscores the growing interest in Bitcoin as an investment but also places these ETFs among the top 10 ETFs and top 20 stocks in terms of trading activity per Balchunas.<a href="https://cryptotale.org/vanecks-ceo-predicts-bitcoin-highs-in-dynamic-market-talk/" rel="noopener noreferrer nofollow">VanEck&#39;s spot Bitcoin ETF</a> emerged as a standout performer, with trading volumes eclipsing $300 million, marking a significant milestone compared to its past performance. According to Yahoo Finance <a href="https://finance.yahoo.com/quote/HODL/" rel="noopener noreferrer nofollow">data</a>, this volume is a stark contrast to its initial launch day volume of $25.5 million on January 11.Read full article at <a href="https://cryptotale.org/cryptocurrency-etfs-hit-historic-milestone-with-2-billion-in-daily-trades/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Cryptocurrency ETFs Hit Historic Milestone with $2 Billion in Daily Trades

CryptoTale

Другие статьи, опубликованные 21 февр. 2024 г.

Uniswap v2 Goes Live On Arbitrum, Polygon, Optimism, Base, BSC, and Avalanche

Pro-XRP Lawyer John Deaton Confirms Accepting Crypto Donations For Senate Campaign

JasmyCoin: Short-Lived Hype or Sustainable Growth? Decoding the Price Surge

MetaMask hits over 30 Million active users – What’s all the fuss about?

Tens of Millions of XRP Out of Binance and into Unknown

Bitcoin Super Holders Grow Their Stash as Market Dynamics Shift

Join our free newsletter for daily crypto updates!