9 Spot Bitcoin ETFs Other Than GBTC Trade Well Over $2 Billion in a Single Day

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2024/02/27 22:59

Nine spot bitcoin ETFs other than GBTC were trading well over $2 billion a day by the close of U.S. trading on Tuesday, with BlackRock's IBIT once again breaking its record with more than $1.3 billion in trades, and Fidelity's FBTC at $578 million, according to data released by Bloomberg analyst Eric Balchunas. Analysts also said IBIT had more than 100,000 unique trades, with II averaging roughly 30,000-60,000 per day prior to Tuesday.

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Data: In the past 24 hours, total liquidations across the network reached $845 million, with long positions liquidated for $508 million and short positions for $336 million.

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