BlackRock and ProShares daily spot Bitcoin volumes surpass Grayscale’s GBTC.
Bitcoin (BTC) traded between $42,580 and $43,422 on Feb. 2 as Grayscale’s GBTC grapplehold over spot Bitcoin exchange-traded fund selling took a pause.
Grayscale’s converted GBTC ETF has dominated the spot Bitcoin ETF market in terms of daily volumes since the products began trading on Jan. 11.
This dominance came to an end on Feb. 1 when BlackRock’s IBIT and ProShares’ BITO became the first of the nine ETFs to surpass GBTC’s trading volume.
