📈 BlackRock’s Bitcoin ETF (IBIT) continues to shatter records, with trading volume surging to over $1.3 billion for the second consecutive day, fueled by bitcoin’s rally to $57,000.
💼 IBIT traded a staggering $1.35 billion on Tuesday, surpassing Monday’s record-breaking daily volume. Nasdaq data revealed that nearly 42 million shares changed hands, more than double the average since its debut in January.
📊 Notably, IBIT ranked as the fifth most-traded U.S.-listed ETF during the morning hours, highlighting strong investor interest. Fidelity’s bitcoin ETF (FBTC) also experienced robust trading volume during this period.
💰 While U.S.-listed spot bitcoin ETFs collectively traded over $2 billion, slightly below Monday’s record, the surge in trading volume underscores significant market activity.
📈 Monday’s high volume was accompanied by substantial net inflows, with U.S.-listed spot bitcoin ETFs attracting $520 million. Fidelity led with approximately $243 million in inflows, followed by Ark and 21Shares’ ARKB.
🚀 The surge in trading activity coincided with bitcoin’s breakout from sideways consolidation, rallying over 10% to hit $57,000, its highest price since November 2021. BTC has continued its upward trajectory, currently up 6% over the past 24 hours, outperforming the CoinDesk20 Index’s 3.5% advance.
