CryptoMediaClub
Tuesday, July 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

US Bitcoin ETF Trading Hits Daily Record at $2.4B, BlackRock Leads: Bloomberg Intelligence

27.02.2024
A A
0
129
VIEWS
ShareShare

The newly launched nine Bitcoin exchange-traded funds (ETFs) in the U.S. have broken an all-time daily record in volume, taking in $2.4 billion which is about double their recent daily average, according to Eric Balchunas from Bloomberg Intelligence.

The first day of trading for the ETFs was January 11, the $2.4 billion in trading on Monday, was mostly led by BlackRock’s ETF trading under the ticker “IBIT” which amassed $1,3 billion of the volume.

Why the Sudden Uptick?

Why the sudden spike in volume at the end of the trading day could be pinned to the price rally as Bitcoin price continues to steadily rise trading at around $56,400 during press time.

“$IBIT went wild accounting for $1.3 billion of it, [$2.4 billion] breaking its record by about 30%.” posted Balchunas. “Not totally sure reason besides price rally generating interest but it does seem like these things really see heightened action on first day after wkend, [weekend]” added Balchunas from Bloomberg.

“Godzilla” BlackRock Leads Bitcoin ETFs

Unsurprisingly, BlackRock’s IBIT ETF continues to lead the market and this in turn ranked the product high as eleventh among all ETFs.

“MILESTONE $IBIT has traded $1b worth of shares today so far.. which ranks it 11th among all ETFs (Top 0.3%) and Top 25 among stocks. Insane number for newbie ETF (esp one w ten competitors). $1b/day is big boy level volume, enough for (even big) institutional consideration,” posted Balchunas on X.

Competition Heats Up, Providers Slash Fees

Earlier this month, VanEck slashed its fees for the HODL exchange-traded fund (ETF), the VanEck Bitcoin Trust down to 0.20% from 0.25% according to a recent filing submitted to the Securities and Exchange Commission. Currently, almost all of the Bitcoin ETF fees range from 0.19% to 0.39%.

Nearly a dozen Bitcoin ETFs are competing for investor attention in a saturated market. BlackRock has set its fee for the iShares ETF at 0.12% for the first 12 months or until the first $5 billion in assets under management, after which it plans to increase it to 0.25%.

Other issuers, such as ARK Invest, charge 0.21%, and Bitwise charges 0.20%. Spot Bitcoin ETFs are increasingly the go-to choice for mainstream investors. They address issues like storing crypto assets and dealing with fraudulent service providers.

Aurelie Barthere, Principal Research Analyst at Nansen, said in a recent interview with Cryptonews.com that she expects lower-fee ETFs to attract more inflows in the short term.

Spot Ethereum ETFs Next?

Many investment firms have filed applications with the Securities and Exchange Commission (SEC) to launch spot Ethereum ETFs in the U.S. market as demand for such products continues to heat up.

So far, BlackRock, Fidelity, Grayscale, VanEck, Invesco, Franklin Templeton, Galaxy, as well as Cathy Wood’s Ark Invests and 21Shares, have all submitted applications for a spot Ethereum ETF.

The post US Bitcoin ETF Trading Hits Daily Record at $2.4B, BlackRock Leads: Bloomberg Intelligence appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin
All news

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

29.07.2025
0

Crypto pioneer Bitcoin’s recent surge to an all-time high (ATH) price of $122,838 last Monday has reignited bullish sentiment among...

Read moreDetails
South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

29.07.2025
Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

29.07.2025
BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

28.07.2025
Bitcoin Market Cycles and BTC Rallies Are Outdated

Bitcoin Market Cycles and BTC Rallies Are Outdated

28.07.2025
Load More
Next Post
Terra Founder Do Kwon’s SEC Trial to Start Without Him Amid Extradition Delay

Terra Founder Do Kwon’s SEC Trial to Start Without Him Amid Extradition Delay

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Price Prediction: BTC Eyes Breakout on Trump ETF and Global Demand

Bitcoin Price Prediction: BTC Eyes Breakout on Trump ETF and Global Demand

2 months ago
Trading Volumes on CEXs Up 19% in July

Trading Volumes on CEXs Up 19% in July

12 months ago
BitGo Launches OTC Platform with Derivatives and Lending

BitGo Launches OTC Platform with Derivatives and Lending

5 months ago
Up 11% This Week: Cardano Breakout on the Horizon?

Up 11% This Week: Cardano Breakout on the Horizon?

5 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

Bitcoin Market Cycles and BTC Rallies Are Outdated

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

Vietnam Launches National Blockchain Platform for Data Verification

Trending

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin
All news

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

29.07.2025
0

Crypto pioneer Bitcoin’s recent surge to an all-time high (ATH) price of $122,838 last Monday has reignited...

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

29.07.2025
South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

29.07.2025
Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

29.07.2025
Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

29.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz