The proportion of GBTC in the daily trading volume of spot Bitcoin ETF has dropped to around 30%
Research analyst Rebecca Stevens from The Block posted on X platform, stating that data shows since the launch of spot Bitcoin ETFs, GBTC has gradually lost its dominant position in trading volume. Initially, GBTC accounted for over half of the daily ETF trading volume, but now it only holds around 30%, being surpassed by IBIT last week.
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