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These Three Names Share the Top in Spot Bitcoin ETFs for Now - Coin Bulletin
On the third day of trading of spot Bitcoin ETFs, three names outperformed their competitors in terms of trading volume.
Bitcoin ETFs founded by Grayscale, BlackRock, and Fidelity managed to capture 90% of the total trading volume among themselves.
Yesterday was the third trading day for ETFs, which started trading last Thursday. These three names received $1.6 billion of yesterday's $1.8 billion total trading volume.
The funds received a total trading volume of 4.6 billion in the first trading days, and 3.1 billion dollars in the second trading days.
In terms of trading volume, Grayscale has been at the top so far, but it is thought that a large part of the volume in its fund is due to selling transactions. According to Bloomberg analyst Eric Balchunas, there has been an outflow of more than $500 million from the Grayscale ETF since last week.
By contrast, funds set up by BlackRock and Fidelity received more than $400 million in the same period.