US Spot Bitcoin ETFs Experience Record Trading Volumes Amid Crypto Market Rally
Following a week of unprecedented inflows into crypto investment products, several US spot bitcoin ETFs hit all-time high trading volumes, signaling strong investor interest.
- US spot bitcoin ETFs, excluding Grayscale Bitcoin Trust, record about $2 billion in trading volumes, marking their busiest session since launch.
- Bitcoin ETFs by VanEck, WisdomTree, and Bitwise see significant spikes in trading volume, with VanEck's ETF reaching 6.8 million shares traded.
- Record inflows into crypto investment products total $2.45 billion last week, more than double the previous week's inflows.
- Ether briefly surpasses $3,000 for the first time since April 2022 amid speculation of a potential spot ether ETF approval in the US.
- Crypto funds hit a weekly inflow record of $2.5 billion, with assets under management at crypto investment firms reaching $67 billion.