Record Trading Volume Reached in Bitcoin ETFs

In a news we shared with you yesterday, we talked about the movements in the cryptocurrency markets. mentionedBitcoin (BTC) price has reached a new level It’s close to a record We transferred. This expectation came true within hours and BTC reached the level of $ 69,170. rose. Of course, this rise is in the first stage it wasn’t permanent. BTC, which made a sharp correction after its sharp rise, fell to $ 59,300. BTC, as of the time this article was written 66,469 from dollars is being traded.

While all this was happening, the eyes Bitcoin ETFIt was in the ‘s. Because not long ago the USA allowed ETFs allowed investors to indirectly invest in Bitcoin. Here is the news from this front, on March 5 record volume levels were reached it reveals.

A transaction volume of 10 billion dollars was reached!

*Table showing the trading volume of Bitcoin ETFs since the day they were approved.

When we look at the data shared about Bitcoin ETFs, on March 5 10 billion dollars We see that the transaction volume is increasing. The Bitcoin ETF, named “IBIT” by the company BlackRock, was the most preferred investment fund. Money returning only through IBIT, $3.8 billion It was recorded as.

The continuation of activity in the cryptocurrency markets also affects the Bitcoin ETF side. to great volatility It looks like it will continue to lead. However, it is worth noting that this does not mean that there will always be an increase. BTC may rise within hours and make harsh corrections within hours, as it did yesterday. In this case, not only BTC and altcoins harsh movements livable.

*This content cannot be considered as investment advice.