Source: CryptoNewsNet
Original Title: IBIT Among Most-Traded ETFs as Bitcoin Surges; Mining Stocks Sink
Original Link:
Bitcoin bounced back on Tuesday, gaining about 6% over the last 24 hours after a sharp sell-off to start the week. The rebound helped drive heavy activity in crypto-related exchange-traded funds (ETFs), especially BlackRock’s iShares Bitcoin Trust (IBIT), which was among the most-traded ETFs in the U.S. for the day.
IBIT saw around $3.7 billion in trading volume Tuesday, surpassing the S&P 500 ETF from Vanguard (VOO), which recorded $3.28 billion, according to data from Barchart. That puts BlackRock’s bitcoin fund in rare company, alongside some of the most liquid and widely held ETFs in the market.
The spike in volume may be tied to bitcoin’s price recovery, but it also came a day after Vanguard, which had long been resistant to crypto, said it would begin allowing bitcoin ETFs and crypto mutual funds to trade on its brokerage platform.
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NftBankruptcyClub
· 8h ago
Rising again? Is it still worth chasing this wave...
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NewPumpamentals
· 8h ago
In this round of Bitcoin's rebound, IBIT's trading volume has indeed gone up, while mining stocks have been dumped instead... This shows that institutions are leading the pace.
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TopBuyerForever
· 8h ago
Bitcoin is trying to lure me in again, but I really won't fall for it this time.
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PessimisticOracle
· 9h ago
Another 6% rebound for Bitcoin? This constant back and forth is really making me numb... I'll wait until next week to decide.
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digital_archaeologist
· 9h ago
This Bitcoin rebound is real—a 6% increase directly drove up IBIT’s trading volume, while miners actually took a hit. Pretty interesting.
IBIT Among Most-Traded ETFs as Bitcoin Surges
Source: CryptoNewsNet Original Title: IBIT Among Most-Traded ETFs as Bitcoin Surges; Mining Stocks Sink Original Link: Bitcoin bounced back on Tuesday, gaining about 6% over the last 24 hours after a sharp sell-off to start the week. The rebound helped drive heavy activity in crypto-related exchange-traded funds (ETFs), especially BlackRock’s iShares Bitcoin Trust (IBIT), which was among the most-traded ETFs in the U.S. for the day.
IBIT saw around $3.7 billion in trading volume Tuesday, surpassing the S&P 500 ETF from Vanguard (VOO), which recorded $3.28 billion, according to data from Barchart. That puts BlackRock’s bitcoin fund in rare company, alongside some of the most liquid and widely held ETFs in the market.
The spike in volume may be tied to bitcoin’s price recovery, but it also came a day after Vanguard, which had long been resistant to crypto, said it would begin allowing bitcoin ETFs and crypto mutual funds to trade on its brokerage platform.