By Brayden Lindrea
BlackRock’s IBIT made up more than 50% of the daily trading volume and even smashed its own daily record by more than 30%.
exchange-traded funds (ETFs) have notched a new daily record as BTC surged as high as $54,938 on Monday.
Trading volumes for the nine topped $2.4 billion on Feb. 26, beating the prior record of $2.2 billion set on the first trading day, Jan. 11, according to data shared by Bloomberg ETF analyst Eric Balchunas.
The figures on both days excluded volume from Grayscale’s converted Bitcoin ETF product, the Grayscale Bitcoin Trust (GBTC).
BlackRock’s IBIT took in the most volume on Feb. 26 with $1.29 billion, setting its own daily record by about 30%, while Fidelity’s FBTC came in second at $576 million.