The rollercoaster ride isn't showing signs of slowing down.

While the price of bitcoin whipsawed around the $60,000 mark on Wednesday, daily volume for the nine new spot bitcoin ETFs took some market watchers by surprise when by midday they had already set another new record, besting Monday's record-setting day.

"Only halfway through trading day and New Nine bitcoin ETFs have already broken their all time daily volume record with $2.6 billion," Bloomberg Senior ETF analyst Eric Balchunas posted to X on Wednesday. "We got four bitcoin ETFs in Top 20. [BlackRock's] is #4 overall, it's gonna trade more today than in its first two weeks combined. This is officially a craze."

Meanwhile the price of bitcoin — quite possibly benefitting from the rising demand for the cryptocurrency as …