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BlackRock's iShares Bitcoin Trust (IBIT) has outpaced Grayscale Investments' Bitcoin ETF (GBTC) in daily trading volume
3 weeks ago 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) outpaces Grayscale Bitcoin ETF (GBTC) in daily trading volume

BlackRock’s iShares Bitcoin Trust (IBIT) has outpaced Grayscale Investments’ Bitcoin ETF (GBTC) in daily trading volume. Blackrock’s IBIT is on the verge of securing an additional $3 billion in investments, whereas GBTC has lost over $5.6 billion since the ETF’s approval. GBTC initially led the new bitcoin ETFs approved on January 11, 2024. However, recent data show that IBIT generated over $300 million in daily sales, outperforming GBTC’s $290 million. This shows changes in investors’ sentiment, with BlackRock’s ETF gaining popularity and highlighting shifting preferences. Despite its early dominance, GBTC has experienced significant outflows, whereas IBIT has seen significant inflows.