BlackRock’s Spot Bitcoin ETF has been incredibly successful since its launch in January 2024. On Monday, the ETF achieved another significant milestone, with trading volume surpassing $1.1 billion in just one day.
In the current stock market, BlackRock’s Bitcoin ETF ranks 11th among all ETF funds. Furthermore, IBIT also made the list of the top 25 most traded stocks on Monday.
With Bitcoin experiencing a significant price increase in the past week, most spot Bitcoin ETFs are witnessing a price surge. Bitcoin is currently trading at $54,000 at the time of writing.
BlackRock is currently the best spot Bitcoin ETF. However, all major BTC ETFs are experiencing a surge today. Overall, according to Bitcoin analyst Eric Balchunas at Bloomberg, today will be the second-largest trading day for spot Bitcoin ETFs and has the potential to break records on their first day.
In the past 24 hours, Bitcoin has increased by 5%. The increase in investment flows into cryptocurrencies, another Bitcoin purchase by MicroStrategy’s Michael Saylor, as well as former President Trump’s Bitcoin endorsement, have all contributed to the price surge of Bitcoin.
Therefore, BlackRock’s spot Bitcoin ETF and other ETFs may set a new trading record today and continue to thrive throughout the week.
