Bitcoin ETFs See Massive Trades as Crypto Surges
• BlackRock's spot bitcoin ETF (IBIT) on track for over $1B volume for 2nd straight day after record $1.3B on Monday • U.S. bitcoin ETFs saw $520M in net inflows Monday as bitcoin rallied to $57K • IBIT trading volume Tuesday ≈ $950M so far; was 5th most traded U.S. ETF in morning • Bitcoin ETFs combined volume hit $2.4B Monday, slightly above debut day • Inflows mainly to Fidelity ($243M), ARK ($130M) ETFs; IBIT saw $111M inflows, low compared to average