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Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records
1 month ago 1 min read

Bitcoin ETFs trading volume soars but face a setback, hinting at market volatility

Last week, Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records, which resulted in large investment flows. On the other hand, a decline took place at the end of the week, showing that net investments in a group of ten funds based in the United States turned negative. Although Grayscale Investments’ fund had significant withdrawals, BlackRock’s iShares Bitcoin ETF (IBIT) received approximately $203 million in investments. However, Grayscale Investments’ fund experienced a net withdrawal of $140 million. Although this was the case, the overall weekly influx continued to be strong, reaching almost $1.7 billion, making it