Bitcoin ETF Market’s Trading Volume Exceeds $200 Billion
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According to analysts at Coinbase, the launch of exchange-traded crypto ETFs in the United States is expected to have a positive impact on Bitcoin volatility.
They believe that the market will see a decrease in price fluctuations of this asset, making it more attractive for investment.
Coinbase also reported that trading volume on the spot Bitcoin ETF market this week surpassed $200 billion, with a daily average of $2.9 billion.
The top-performing funds were those offered by BlackRock, Grayscale, and Fidelity, with BlackRock’s IBIT product making up about 50% of the total market volume.
This is a significant increase from January, when it accounted for only 23% of the market. Fidelity’s FBTC ranks third with a 16.9% market share.
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