Bitcoin ETFs Eclipse Grayscale's GBTC in Trading Volume for First Time
• BlackRock's IBIT and ProShares' BITO became the first bitcoin ETFs to surpass GBTC's trading volume on Thursday • IBIT traded $306M while BITO traded $298M compared to GBTC's $291M • Thursday was the first time daily ETF volumes fell below $1B per Bloomberg Intelligence analyst • Grayscale's GBTC has led bitcoin ETF volumes since early January though saw selling pressure recently • All bitcoin ETFs hold a combined $28.6B worth of bitcoin as of Thursday