Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Nine Spot Bitcoin ETFs Are in the Top 1% of All ETFs in Average Daily Volume

Nine Spot Bitcoin ETFs Are in the Top 1% of All ETFs in Average Daily Volume

2024/01/19 22:56
BTC+0.71%

Bloomberg analyst Eric Balchunas noted that as a whole, the nine spot bitcoin ETFs have averaged $120 million in daily trading volume, putting them in the top 1% of all ETFs (including GBTC), and that even on their own, FBTC and IBIT both rank in the top 2%. "The average length of time that the top 2% of ETFs in terms of daily trading volume have been in operation is about 14 years, and it's crazy that a spot bitcoin ETF product can achieve this kind of performance in one week," commented the analyst.

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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$116,246.69
+0.40%
Ethereum
Ethereum
ETH
$4,637.53
-0.57%
XRP
XRP
XRP
$3.03
-1.78%
Tether USDt
Tether USDt
USDT
$1
-0.01%
Solana
Solana
SOL
$241.2
-2.21%
BNB
BNB
BNB
$928.63
-1.22%
USDC
USDC
USDC
$0.9998
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2757
-4.56%
TRON
TRON
TRX
$0.3504
-0.12%
Cardano
Cardano
ADA
$0.8895
-2.94%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter