BlackRock’s Bitcoin ETF Ranks Fifth in US ETF Trading Volume; IBIT Jumps 6%
JH Kim
Summary
- BlackRock’s spot-Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), ranked fifth among all US ETFs in daily trading volume.
- Bloomberg ETF analyst Eric Balchunas said IBIT rose about 6%, with trading activity surging alongside the gain.
- Balchunas added that IBIT also saw heavy trading as Bitcoin prices rose.
Forecast Trend Report by Period
BlackRock’s spot-Bitcoin exchange-traded fund, the iShares Bitcoin Trust (IBIT), ranked fifth in daily trading volume among all US ETFs.
Bloomberg ETF analyst Eric Balchunas wrote on Sept. 18 that IBIT climbed about 6%, fueling a surge in trading activity.
That made IBIT the fifth-most traded ETF in the US, not just among crypto-related products but across the entire ETF market.
Balchunas added that trading in IBIT accelerated alongside Bitcoin’s price gains.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.