Nine Spot Bitcoin ETFs Are in the Top 1% of All ETFs in Average Daily Volume
2024/01/19 22:56
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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.
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