Grayscale, BlackRock and Fidelity dominate spot ETF market with nearly 90% of volume on third day of trading | Headlines | News | CoinMarketCap
01/17/2024 02:22
In a third day of trading, the top three spot bitcoin ETFs by trading volume have positioned themselves heads and shoulders above the rest by nabbing …
Published on January 16, 2024 19:12 GMT+00:00edited on January 16, 2024 19:14 GMT+00:00
In a third day of trading, the top three spot bitcoin ETFs by trading volume have positioned themselves heads and shoulders above the rest by nabbing just about 90% of the burgeoning market.
Funds offered by Grayscale, BlackRock and Fidelity are the clear leaders among the 11 spot bitcoin ETFs currently trading. After gaining approval, the new instruments began trading last week.
With just under two hours left to trade in the day, the three top funds had generated about $1.2 billion of the $1.4 billion of total trading volume, according to data from Yahoo Finance compiled by The Block.
The third day is so far trending to finish well below the $3.1 billion seen on Friday, although spikes in volume near the end of trading are not uncommon and could alter that trajectory, according …