Spot Bitcoin (BTC) ETFs saw more than $3.1 billion in demand on the second day of trading.
Interest in spot Bitcoin exchange-traded funds (ETFs) was also high on the second trading day. On the first trading day More than $4.6 billion ETFs reaching trading volume on the second trading day More than $3.1 billion hosted the transaction volume.
One of the world financial giants BlackRock $564 millionk ranks first with volume Fidelity’s $431 million It came in second place in terms of volume. Cumulative volume of spot Bitcoin ETFs approximately 7.7 billion dollars in the first two days has reached.
On the other hand, funds that are not new, such as competing funds, and that arise as a result of a transformation demand Grayscale’s GBTC ETF according to data With a volume of 1.8 billion dollars It was recorded as the most active spot Bitcoin ETF on the second day.
GBTC on its first trading day $2.3 billion transaction It managed to stand out with its volume. But most of the volume sales maker investors created.
Speaking on the second day of spot Bitcoin ETFs BlackRock CEO Larry Finkpointed out an important point when comparing Bitcoin with gold:
When we look at Bitcoin, we see that it is no different from what gold has represented for thousands of years. On the other hand, unlike gold, Bitcoin’s supply is very limited and has almost reached the maximum supply that can be produced.
Market analysts estimate the volume reached in the first 2 days positive while interpreting as More institutional investors in the coming period It was predicted that it would flood the market through ETFs.