Bitcoin Price Prediction: BlackRock And ProShares’ Bitcoin ETF Volumes Surpass GBTC For First Time As This BTC Cloud Mining Presale Surges Past $10 Million
The Bitcoin price has climbed 3.5% over the past seven days to trade at $43.1K as of 2:30 a.m. EST. This comes as Bitcoin ETFs managed by BlackRock and ProShares outpaced Grayscale’s GBTC in daily trading volumes on Thursday for the first time. BlackRock’s IBIT had trading volume of $306 million and ProShare’s BITO $298 million, both surpassing GBTC’s $291 million in transactions, CoinDesk reported, citing multiple data sources. The day also marked the first time since launch that daily ETF volumes dipped below $1 billion. Still some after hours trading left but looks like BlackRock's $IBIT is the first ETF to trade more than Grayscale's $GBTC in a single day. Total trading today was kind of a dud though at $924 million — first day below $1 billion in dollar volume for the group since launch. https://t.co/IeIF2COm4F pic.twitter.com/ZtADLBQP63 — James Seyffart (@JSeyff) February 1, 2024 Bitcoin Price Prediction Looking at an in-depth An...