It’s a historic time for Bitcoin! The trading volume of the Bitcoin ETF has reached an all-time high by surpassing $7.5 billion, which is more than twice the amount of its previous record.
This surge in trading activity can be attributed to the recent bullish trend in the cryptocurrency market, as more investors are showing interest in digital assets like Bitcoin or ETH. This milestone highlights the growing acceptance of Bitcoin ETF as a viable investment option. We are listing some ETFs and their respective volumes.
1. BlackRock: $3,291,107,443
BlackRock leads the pack, with a staggering trading volume of $3,291,107,443. As one of the world’s largest asset managers, BlackRock’s endorsement of Bitcoin ETFs underscores the growing institutional acceptance of cryptocurrency.
2. Grayscale: $1,836,035,297
Following closely behind is Grayscale, with a trading volume of $1,836,035,297. Grayscale’s Bitcoin Trust (GBTC) has long been a preferred choice for institutional investors who seek exposure to Bitcoin.
3. Fidelity: $1,422,191,705
Fidelity ranks third with a trading volume of $1,422,191,705. With its reputation as a trusted investment firm, Fidelity’s foray into Bitcoin ETFs signals mainstream adoption of digital assets.
4. ARK Invest: $425,812,381
ARKB provides regulated exposure to bitcoin held in cold storage by an institutional-grade custodian, offering superior protection compared to options available to individual investors. ARK Invest boasts a trading volume of $425,812,381, reflecting its reputation for innovation and forward-thinking investment strategies.
5. Bitwise: $252,060,298
With a current trading volume of $252,060,298, Bitwise has emerged as a noteworthy player in the cryptocurrency investment space, offering diversified exposure to digital assets.
6. Invesco: $162,039,559
Invesco follows closely with a trading volume of $162,039,559, leveraging its expertise in asset management to provide investors with access to the burgeoning Bitcoin market. With BTCO, a new spot in Bitcoin ETF, investors can access the world’s largest cryptocurrency in a convenient and secure way.
7. WisdomTree: $59,402,811
Volume for VanEck Bitcoin Trust was 14.5 times its daily average, while WisdomTree Bitcoin Fund’s volume was more than ten times its daily average. WisdomTree’s trading volume stands at $59,402,811, highlighting its commitment to offering innovative investment solutions tailored to the needs of modern investors.
8. VanEck: $52,142,656
High-frequency trading could have caused the massive spike in daily trading volume for VanEck’s spot bitcoin ETF, according to CoinShares. Since they began trading last month, the spot bitcoin ETFs have reported nearly $52 billion in cumulative trading volume and $5.8 billion in net inflows.
VanEck enters the fray with a trading volume of $52,142,656, leveraging its extensive experience in financial markets to provide institutional-grade Bitcoin investment products.
9. Franklin: $31,848,031
Franklin’s trading volume amounts to $31,848,031, reflecting its position as a trusted provider of investment solutions with a global footprint. Franklin Templeton’s core business is partnering with financial advisors and wealth platforms to provide solutions, deliver products, and offer services to their clients, according to Roger Bayston, Franklin Templeton’s Head of Digital Assets.
10. Valkyrie: $14,560,139
Valkyrie joins the list with a trading volume of $14,560,139, catering to the growing demand for Bitcoin investment products among institutional and retail investors. BTF is an actively managed ETF available through Nasdaq that invests primarily in bitcoin and ether futures contracts. One of their goals is to invest in the emerging bitcoin and ether economies through a traditional, actively managed exchange-traded fund or through the regulated futures market.
11. Hashdex: $1,005,824
The world’s first decentralized blockchain-based digital currency can be accessed through the Hashdex Bitcoin Futures ETF. By directly investing in Bitcoin, the fund provides exposure to the cryptocurrency. The fund shares are traded on the NYSE Arca stock exchange and can be identified by the symbol DEFI. Hashdex rounds out the list with a trading volume of $1,005,824, offering innovative investment opportunities in the digital asset space.