Bitcoin ETF

Bitcoin

Spot

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Spot Bitcoin ETFs saw a significant rise in trading volume in March, reaching $111 billion.</li> 
 <li>Grayscale, BlackRock, and Fidelity’s spot ETFs continue to lead in trading volume.</li> 
</ul>  
<p>In March, spot Bitcoin ETFs experienced a substantial increase in trading volume. The volume surged to $111 million, nearly three times the total of February, which was $42.2 billion. </p> 
<h2 id="increased-interest-in-spot-bitcoin-etfs">Increased Interest in Spot Bitcoin ETFs</h2> 
<p>February marked the first complete month of trading since the products were launched on January 11. The significant rise in March underscores the growing interest in these crypto-based financial instruments. </p> 
<p>Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted the importance of the past month in terms of total trading volume. “Bitcoin ETFs traded $111 billion in March, which is just about triple what they did in February and January,” he stated. </p> 
<h2 id="leading-spot-etfs">Leading Spot ETFs</h2> 
<p>Three spot ETFs issued by Grayscale, BlackRock, and Fidelity continue to lead in trading volume. However, after Monday’s trading, Grayscale’s GBTC fund exceeded $15 billion in total outflows since trading began in January. </p> 
<p>In terms of Bitcoin, GBTC, a decade-old trust that Grayscale converted into a spot Bitcoin ETF two months ago, has fallen 46% from around 619,000 BTC to 333,619 BTC ($22 billion) since it began trading as an ETF. </p> 
<p>In dollar terms, BlackRock and Fidelity’s spot Bitcoin ETFs reached about $18 billion and $10 billion, respectively, in assets under management last month. These products have been the most successful in terms of inflows. </p> 
<p>During the previous trading day, spot Bitcoin ETFs saw net outflows after recording net inflows every trading day last week. Net outflows for Monday were $85.7 million after Grayscale’s fund shed $302.6 million.</p>

Bitcoin ETF Trading Volume Skyrockets to $111 Billion in March, Triples Previous Records

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