Analyst: The proportion of GBTC in the daily trading volume of spot Bitcoin ETF has dropped to about 30%
The Block's research analyst Rebecca Stevens posted on X platform stating that data shows that since the launch of the spot Bitcoin ETF, GBTC has gradually lost its dominant position in trading volume. Initially, GBTC accounted for more than half of the daily trading volume of ETFs, but now only accounts for about 30%, and was surpassed by IBIT last week. Previously, according to Bloomberg Intelligence data, as of the close of the US stock market on February 1, the daily trading volume of BlackRock's spot Bitcoin ETF (IBIT) exceeded GBTC for the first time, with IBIT slightly higher than $300 million and GBTC around $290 million.
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