Apr 3, 2024

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) scored over $110 billion in trading volume in March, tripling January and February volumes, as the largest cryptocurrency soared to record highs.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Bitcoin ETF S tripled what they did in January and February trading over 100 and $10 billion in March. Trading was led by Blackrock's IBI which comprised almost 50% of the total. That's according to Bloomberg intelligence analyst, Eric Balchunas gray scales G BT C came next with 20% of the total share followed by Fidelity's F BT C at 17% in the next post. Balchunas said quote, I can't imagine April will be bigger but who knows and quote spot. Bitcoin ETF S were approved in the US by the Securities and Exchange Commission in January when the asset price was around $45,000. Since then, Bitcoin has climbed to a record $73,000 as of 9:30 a.m. Eastern time. Bitcoin is trading near 65,700. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.

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