BlackRock's spot Bitcoin ETF daily trading volume surpassed Grayscale's GBTC for the first time
On February 2nd, according to The Block's report, BlackRock's spot Bitcoin ETF (IBIT) surpassed Grayscale's GBTC in daily trading volume for the first time, becoming the largest spot Bitcoin ETF in the market. IBIT had a daily trading volume of $303.97 million, while GBTC had a daily trading volume of $292.37 million. Following closely behind is Fidelity's FBTC with a daily trading volume of $171.84 million. On the same day, BlackRock's IBIT also led in terms of fund inflows, increasing by $163.9 million. In contrast, GBTC recorded its lowest outflow since January 11th at $182 million on that day. The cumulative trading volume of spot Bitcoin ETFs is approaching $30 billion.
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