BlackRock Spot Bitcoin ETF trading volume exceeded $1 billion today, ranking 11th among all ETFs

According to based on data released by Bloomberg analyst Eric Balchunas, the trading volume of the iShares Bitcoin ETF (IBIT) exceeded $1 billion today, ranking 11th among all ETFs (top 0.3%) and among the top 25 in stocks. The analyst said, "This is a crazy number for a rookie ETF, especially one of the ten competitors. A daily trading volume of $1 billion is a very large level of trading volume, enough (and even far more) for institutions to consider."