BlackRock’s spot Bitcoin ETF hits a new record trading volume: Will crypto trading volume soar higher?
Key takeaways BlackRock’s spot Bitcoin ETF achieved a trading volume of $1.3 billion for the second consecutive day. BTC touched $57k as Bitbot’s presale approaches $750k BlackRock’s IBIT trading volume soars higher Bitcoin has been performing excellently since the start of the week, thanks to BlackRock’s IBIT and other spot Bitcoin ETFs. BlackRock’s IBIT record ed a trading volume of $1.3 billion for the second consecutive day. The ETF record ed a trading volume of $1.35 billion on Tuesday, surpassing the $1.3 billion reported on Monday. The positive performance also means that BlackRock’s IBIT was the fifth most traded among all U.S.-listed ETFs during the morning hours. The record numbers from spot Bitcoin ETF s continue to show an increasing appetite for Bitcoin by institutional investors. The rising trading volume could also spill into the crypto market and this is where projects like Bitbot co...