BlackRock and ProShares' Bitcoin ETFs Surpassed GBTC's Daily Volumes
GBTC has led bitcoin ETF volumes, mostly in outflows, since the products started trading in early January.BlackRock’s IBIT and ProShares’ BITO became the first bitcoin (BTC) exchange-traded funds (ETF) to cross Grayscale’s GBTC trading volume on Thursday.
IBIT ended Thursday with $306 million in trades placed, while BITO traded $298 million. GBTC saw a relatively lower $291 million in trades, data from multiple sources show.Thursday was also the first time daily ETF volumes were below $1 billion, Bloomberg Intelligence analyst James Seyffart said on X. These figures did not include after-hours trading.

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