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Even After BTC Crash, Spot Bitcoin ETF Trading Volumes Grow 50%

Even After BTC Crash, Spot Bitcoin ETF Trading Volumes Grow 50%

HappyCoinNewsHappyCoinNews2024/12/07 11:33
By:HappyCoinNews

Total trading volume of 12 spot bitcoin ETF exceeded $5 billion on Thursday, December 7,1, which is more than the $4,71 billion recorded the day before. This figure rose against the backdrop of a sharp drop in the price of bitcoin, which fell more than 10% from a maximum of $103,607 to $92,980.

According to SoSoValue, on December 5 Bitcoin - funds raised about $766,66 million, raising more than $2,7 billion over the past six trading days.

BlackRock's IBIT Leads for Fifth Day in a Row, Raising $770,51 Million Grayscale Fund Bitcoin Mini Trust received $95,35 million, FBTC from Fidelity - $47,47 million, ARKB from ARK and 21Shares — $12,32 million.

However, not all bitcoin ETF noted an inflow. Grayscale's GBTC and Bitwise's BITB recorded outflows of $148,78 million and $10,22 million, respectively. The rest ETF On December 5th there were zero results.

Even After BTC Crash, Spot Bitcoin ETF Trading Volumes Grow 50% image 0

Inflow into spot bitcoin ETF

Spot Ethereum - ETF also had a successful day: on December 5, the funds attracted $428,44 million. This is the largest inflow of funds in a day since their launch on July 23, 2024. The previous record was set on November 29 and amounted to $333,92 million. Over the past two weeks, investors have poured more than $1,3 billion into ETH funds.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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