- Bitcoin ETFs have continued to thrive since their launch.
- Fidelity’s Bitcoin ETF has achieved a new milestone in daily volume.
- The cumulative trading volume of Bitcoin ETFs has reached new heights.
The approval and launch of Bitcoin Exchange-Traded Funds (ETFs) marked a momentous chapter for the cryptocurrency industry, capturing the attention of the financial world with unprecedented milestones and billions in trading volume. Since their debut, two top-performers BlackRock’s iShares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund, have led the charge, surpassing long-standing records with impressive inflows.
Against this backdrop, Fidelity’s Bitcoin ETF has now smashed another milestone.
Fidelity’s Bitcoin ETF Bags New Record
According to BitMEX Research data on Thursday, March 7th, Fidelity’s FBTC recorded the highest daily inflow of $473.4 million, surpassing its previous record of $404.6 million.
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FBTC outperformed BlackRock’s IBIT, which has long occupied the position of the leading bitcoin ETF by daily trading volume, which only recorded over $244.2 million on the same day.
Following in third and fourth positions were Ark Invest 21Shares’ ARKB and Valkyrie’s BRRR, with $42.1 million and $41.8 million in inflows, respectively. Bitwise’s BITB, with $41.4 million in inflows, secured the fourth position, bringing the total new inflow for Thursday to a cumulative $472.6 million.
Despite FBTC’s impressive performance, it trails behind BlackRock’s iBIT’s record of $788 million set on March 5, coinciding in Bitcoin’s surge in value to its all-time high above $69,000 for the first time since 2021.
Read more on BlackRock and its top-performing Bitcoin ETF:
BlackRock Bitcoin ETF Marks New Inflow High as BTC Claims ATH
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