BlackRock’s Spot Bitcoin ETF has been extremely successful since its launch in January 2024. On Monday, the ETF reached another significant milestone, with its trading volume surpassing $1.1 billion in a single day.
On the current stock market, BlackRock’s Bitcoin ETF ranks 11th among all ETFs. Furthermore, IBIT made it into the top 25 traded stocks on Monday as well. With Bitcoin on a significant rally over the past week, most Spot Bitcoin ETFs are seeing a pump. Bitcoin is currently trading north of $54,000 at press time.
BlackRock is far and away the best trading Spot Bitcoin ETF today. However, all of the major BTC ETFs are seeing a jump today. Overall, according to Bitcoin expert at Bloomberg Eric Balchunas, today will be “a lock” to be the second biggest trading day for Spot Bitcoin ETFs and has a chance to beat the day one record.
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In the past 24 hours, Bitcoin is up 5%. A rise in crypto investment inflows, another Bitcoin purchase by Michael Saylor’s MicroStrategy, as well as a “cosign” of Bitcoin by former President Trump, have all contributed to the bullish rise of Bitcoin. Thus, Spot Bitcoin ETFs from BlackRock and others may break their single-day trading record today, and continue to boom throughout the week.