Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs

Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs


U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) captured over $110 billion in trading volume in March, a figure three times higher than the volumes in January and February, as the largest cryptocurrency soared to record highs.

Trading was led by BlackRock’s IBIT, which comprised almost 50% of the total, Bloomberg Intelligence analyst Eric Balchunas said on X. Grayscale’s GBTC was next with 20% of the total share, followed by Fidelity’s FBTC at 17%.

“$IBIT won the volume race and is officially the $GLD of bitcoin,” Balchunas said, referring to a gold ETF. “I can’t imagine April will be bigger but who knows.”

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The U.S. bitcoin ETFs were

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