"Bitcoin ETFs' Record-Breaking $7.6B Volume Attracts Brokers and Retail Investors"

1 min read
Source: DLNews
"Bitcoin ETFs' Record-Breaking $7.6B Volume Attracts Brokers and Retail Investors"
Photo: DLNews
TL;DR

Bitcoin ETFs hit a record daily trading volume of $7.6 billion, with BlackRock leading at over $3.3 billion, putting pressure on major brokers like Morgan Stanley to offer them. Demand for Bitcoin ETFs remains high, prompting investment firms to consider adding them to their platforms. The surge in trading volumes coincided with Bitcoin breaking the $63,000 barrier, with Grayscale and Fidelity also reporting significant volumes. Despite the high volumes, Grayscale experienced outflows, and market makers attribute the surge to natural demand rather than algorithmic or arbitrage trading.

Share this article

Want the full story? Read the original reporting

Read on DLNews