Bloomberg ETF Analyst: BITO’s trading volume last week was US$1.7 billion, the second largest week since its listing
Bloomberg ETF analyst Eric Balchunas stated on social media that the trading volume of the Bitcoin futures ETF BITO last week was $1.7 billion, making it the second-largest trading week since its listing. The trading volume of GBTC last week was $800 million. Balchunas said, "This means that $2.5 billion has been invested in two investment methods that are not ideal (compared to spot), although we believe that spot ETFs are unlikely to set records on the first day, there is obviously still an audience."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Circle Freezes $58 Million USDC Tied to LIBRA Memecoin Scam
Hundreds of LIBRA investors sued Kelsier Ventures and its co-founders for misleading investors and running a pump-and-dump scheme.
Top 4 AI-Powered Crypto Tokens to Watch as Bitcoin Breaks Into Price Discovery

ETH Price Prepares to Go Parabolic as Ethereum Tests the 200 Day MA Once Again, Altseason Imminent

Aave founder: Ethereum Foundation is borrowing GHO
Trending news
MoreCrypto prices
More








