Bitcoin ETF Trading Frenzy Continues After Record $673M Net Inflow as BTC Price Nears Record

Demand for spot bitcoin ETFs accelerated this week, notching a record $673 million net inflow Wednesday, according to BitMEX Research data. BlackRock's ETF – known as IBIT, which has the second-biggest asset total among bitcoin ETFs – was again among the top 10 most-traded ETFs in the U.S. around midday hours Thursday and posted over $1 billion in trading volume for the fourth consecutive day, according to Barchart data. As of 1:30 p.m. Eastern time (18:30 UTC), almost 36 million IBIT shares worth over $1.2 billion changed hands with two hours left of the trading session, per Barchart. Grayscale's GBTC and Fidelity's FBTC are also having a strong day, trading over $880 million and $660 million, respectively, so far.