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Following the notable approval of Spot Bitcoin ETFs in early January, these new financial products have exhibited strong performance. While Grayscale’s Bitcoin ETF initially took the lead in daily trading volume, this week witnessed BlackRock and Fidelity’s Bitcoin ETFs narrowing the gap.

 

 

 

As of the market closing on Tuesday, BlackRock and Fidelity achieved trading volumes of $383 million and $288 million, respectively, as reported by Yahoo Finance. Grayscale maintained its top position with $396 million, although during the initial trading hours, both BlackRock and Fidelity surpassed Grayscale in terms of daily volume.

 

 

 

 

Since the approval of Bitcoin ETFs, these three products have collectively accounted for over three-quarters of the total trading volume. Notably, other spot bitcoin ETFs offered by Invesco, Galaxy, Franklin Templeton, and Ark Invest have trailed significantly behind the leading trio.

 

 

 

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