Bitcoin Surges as Spot ETF Trading Volumes Soar to New Highs
• BlackRock's bitcoin ETF (IBIT) traded nearly $3 billion on Wednesday, twice its previous volume record
• IBIT was the 4th most traded ETF in the U.S. at one point, with 3 other bitcoin ETFs in the top 20
• Bitcoin surged to $64,000 during the day before falling back to around $60,000
• Demand for spot bitcoin ETFs seen as a significant driver of bitcoin's 44% price surge in the past month
• Fresh inflows into spot bitcoin ETFs accelerated this week, with IBIT alone pulling in $520 million on Tuesday