‘The Nine’ Bitcoin ETFs witnessed a surge in trading volume on Friday, reported Bloomberg’s Eric Balchunas.The Bitcoin ETFs experienced a 12% spike in volumes compared to Thursday and a 53% increase from Wednesday. Balchunas underlined the fierce competition between $FBTC and $IBIT to get to the top of the chart.
With a combined daily volume of $1.2 billion, the recently launched set of ETPs sits in the top 1% of all ETFs.
Individually, both $FBTC and $IBIT secure places in the top 2%, the reporter noted. He noted that this is extraordinary given that the average age of ETFs in this category is around 14 years.
Grayscale premium under 30 basis points
The 'Nine’ saw another jump in volume today, up 12% vs Thur and 53% from Wed, a rare phenomenon. Also check out $FBTC seeing more trading than $IBIT, those two are in a legit duel to be The One.. but all of them posting huge numbers for newbies, competition is making them all… pic.twitter.com/H2zhz2mEMz
— Eric Balchunas (@EricBal
We współpracy z: https://coingape.com/bitcoin-etf-the-nine-etfs-see-volume-spike-at-week-close/
