Summary
TLDR: Bitcoin ETF trade volumes remained high, indicating sustained investor interest ahead of a bitcoin halving event. BlackRock’s iShares Bitcoin Trust led in trading volumes, with Bitcoin’s price up and record volumes for bitcoin ETFs. Net inflows for bitcoin ETFs hit an all-time high despite some outflows from GBTC.
Key Points
1. Bitcoin ETF trade volumes remained high, reaching $4.7 billion and indicating sustained investor appetite for crypto products.
2. BlackRock’s iShares Bitcoin Trust (IBIT) led in trading volumes, with nearly $1.9 billion, showing strong demand for bitcoin ETFs.
3. The record volumes in bitcoin ETFs resulted in all-time high net inflows of $673 million, despite some outflows from higher-priced funds like GBTC.