Follow us on:


Post: BlackRock’s IBIT Bitcoin ETF Leads Spot Market with $341.2M in Trading Volume

BlackRock’s IBIT Bitcoin ETF Leads Spot Market with $341.2M in Trading Volume

Key Points:

  • BlackRock’s IBIT fund leads the spot Bitcoin ETF market with over a billion dollars in daily trading volume.
  • On February 7th, BlackRock’s IBIT Bitcoin ETF had a trading volume of $341.2 million, surpassing Grayscale Bitcoin Trust’s $296.5 million in volume.
  • Fidelity’s FBTC fund ranked third with $200 million in volume, while the remaining seven funds totaled $188 million in daily trading volume.


BlackRock’s IBIT Bitcoin ETF has emerged as the leading player in the spot Bitcoin ETF market, recording significant trading volume on February 7th. With a daily trading volume of $341.2 million, it surpassed Grayscale Bitcoin Trust, which held a volume of $296.5 million on the same day. Fidelity’s FBTC fund followed closely behind with $200 million in volume. The combined trading volume of the remaining seven funds amounted to $188 million. These figures indicate a growing interest in Bitcoin ETFs, as investors seek exposure to the cryptocurrency market through regulated investment products.

Hot Take:

The surge in trading volume for spot Bitcoin ETFs, particularly BlackRock’s IBIT fund, highlights the increasing demand for regulated investment vehicles in the cryptocurrency space. As institutional investors and traditional financial companies venture further into Bitcoin and other cryptocurrencies, we can expect to see continued growth in the popularity and trading volume of Bitcoin ETFs. This development also underscores the evolving landscape of the cryptocurrency market, as it becomes more integrated with traditional finance.

Recent Posts
Social Media
CheekyCrypto Membership Platform
Hardware Wallets
Plutus Card