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International Business Times
International Business Times
Business
Nica Osorio

iShares Bitcoin Trust Dominates The Market With Over $1B In Trading Volume In 3 Days

Bitcoin BlackRock Eric Balchunas United States GBTC IBIT ETF ProShares

KEY POINTS

  • iShares Bitcoin Fund recorded over $1.8 billion in trading volume in just three days
  • BlackRock dominates the race among newly approved spot Bitcoin ETFs
  • Bitcoin was trading at $42,702.36 at 3:20 a.m. ET on Wednesday

The iShares Bitcoin Trust, a recent addition to the cryptocurrency investment landscape managed by BlackRock, swiftly took a leading position in the Bitcoin ETF market and achieved an impressive milestone after three days of trading in U.S. exchanges. It recorded over $1.8 billion in trading volume.

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