9 other ETFs except GBTC have purchased 79,600 BTC in 6 trading days

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Cointime2024/01/20 01:29

By:Cointime

According to CC15Capital data on January 20th, the Bitcoin spot ETF had huge trading volume today, with three of the top 20 ETFs in terms of trading volume being related to BTC, including GBTC, BITO (futures ETF), and IBIT. Excluding GBTC, the other nine spot ETFs have purchased 79,618 BTC within the approved six days.

ETF analyst Eric Balchunas of Bloomberg said that as a whole, the daily average trading volume of the nine Bitcoin spot ETFs is 120 million US dollars, which puts them in the top 1% of all ETFs (including GBTC). Even if only FBTC and IBIT's daily average trading volume is considered, they can still rank in the top 2%, while the average issuance time of the top 2% of ETFs has been about 14 years.

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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