The IBIT fund by BlackRock led the way in Bitcoin Spot ETF trading volume with $341.2 million on February 7th.
Bitcoin Spot ETFs reached a total trading volume exceeding $1 billion, with significant contributions from Fidelity and BlackRock.
Bitcoin Spot ETF inflows continue to outpace outflows from GBTC, with a net flow of $145 million on February 7th.
The Bitcoin Spot ETF market had an impressive day on February 7th, with a total trading volume surpassing $1 billion, and BlackRock emerging as the undisputed leader in this dynamic.
A record day for BlackRock and Fidelity
BlackRock’s iShares Bitcoin Trust recorded a daily trading volume of $341.2 million, surpassing that of the Grayscale Bitcoin Trust and solidifying its position as the leader in the Bitcoin Spot ETF market.
The FBTC fund in third place: With a volume of $200 million, Fidelity’s FBTC fund also played a key role in the impressive statistics of that day. The seven other funds recorded a daily volume of $188 million, bringing the total for the day to over $1 billion.
Positive net flows continue for Bitcoin ETFs
Net inflows into Bitcoin Spot ETFs have continued to outpace outflows from GBTC for the ninth consecutive day.
In fact, the GBTC ETF reportedly recorded $81 million in outflows on February 7th, while the other nine Bitcoin Spot ETFs saw $226 million in inflows, resulting in net flows of $145 million.
This rapid accumulation of BTC is expected to push the 9 new ETFs ahead of MicroStrategy and its 190,000 held bitcoins as early as today.
