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Spot Bitcoin ETF Hits Record $10 Billion in One-Day Turnover

Spot Bitcoin ETF Hits Record $10 Billion in One-Day Turnover

2024/03/05 21:44

According to Bloomberg analyst Eric Balchunas, 10 spot bitcoin ETFs reached a new all-time high of $10 billion in one-day turnover as of Tuesday's U.S. close, breaking the all-time record set last Wednesday, with BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB, and ARK/21 Shares' ARKB all hitting new records. "Volatility and volume go hand in hand with ETFs, so it's not entirely surprising," analysts commented.

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In the past 24 hours, the total liquidation across the network reached $159 million, with long positions being the main victims.

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