Blackrock's Bitcoin ETF Sees Sixth Consecutive Day of $1 Billion Trading Volume

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Cointime2024/03/05 00:40

By:Cointime

Blackrock's spot Bitcoin ETF has seen trading volume reach $1 billion for the sixth consecutive trading session, making it one of the top 5 ETFs in the market. The surge in Bitcoin ETF performance has also led to a surge in Bitcoin prices, which have crossed the $65,000 mark. Bitwise CIO has expressed his opinion on the current success of Bitcoin ETFs, stating that the demand for these ETFs has far exceeded anyone's expectations and that they are the most successful ETF launches ever. A CoinShares report notes a remarkable $1.84 billion inflow into digital asset investment products, with Bitcoin leading the way with $1.73 billion, or 94% of the total.

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.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

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Bitget-RWA•2025/09/12 06:14