Bitcoin ETFs Trading Volume Reaches $5.5 Billion on March 4: Report

• The Spot Bitcoin ETFs saw their second-largest volume day on March 4, with a total volume of $5.5 billion.
• BlackRock’s IBIT alone saw an individual trading volume of $2.4 billion, surging past $11 billion in AUM.
• The last week marked the second-highest inflow in digital-asset investment products, led by Bitcoin.

The Spot Bitcoin exchange-traded funds have led the ETF market with staggering inflows and remarkable trading volume. While the last week witnessed record-high inflows in ETFs, March 4 marked the second-biggest volume day.

In an X post, ETF analyst Eric Balchunas asserted that with a total volume of $5.5 billion on March 4, the Bitcoin ETF market saw its second-largest trading volume. Reportedly, BlackRock’s iShares Bitcoin ETF (IBIT) continues to lead the charge with an individual trading volume of $2.4 billion. IBIT has surged past $11 billion in AUM.

Further, Balchunas added that each of the ETFs is on a rising scale, with their trading volume increasing over 30% in 6 days. He stated,

The ten bitcoin ETFs a virtual lock to clock their second biggest volume day today. So it looks like the big bump up in trading activity last week was more new normal than anomaly.

The latest reports from CoinShares confirmed that global digital-asset investment products saw a record-high inflow of $1.84 billion last week. In addition, trading volumes surged over $30 billion in a week. CoinShares’ Head of Research, James Butterfill, narrated,

Trading volumes in investment products reached a record of over US$30bn for the week, and at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges.

As per CoinShares, the inflows were led by Bitcoin, triggering the cryptocurrency’s price hike. Bitcoin is ascending over a bullish track, exhibiting a notable 5.38% surge in the last 24 hours. At press time, Bitcoin is trading at $66,899.04 after recording a double-digit spike of 19.88% in seven days.