Breaking: BlackRock’s IBIT Surpasses Grayscale’s GBTC in Trading Volume

• BlackRock’s IBIT surpasses Grayscale’s GBTC in trading volume for the first time.
• IBIT boasts a daily trading volume of $219.3 million, surpassing GBTC’s $181.7 million.
• Fidelity’s FBTC secures third place with a trading volume of $129.3 million.

In an astounding development in the ETF ecosystem, BlackRock’s IBIT has surpassed Grayscale’s GBTC in trading volume for the first time. According to the recent post shared by Bloomberg ETF analyst James Seyffart, IBIT is apparently the first ETF to surpass GBTC in a day.

Since the Bitcoin ETF launch on January 11, the financial giant Grayscale has been leading the arena in terms of trading volume. According to a Bloomberg report, John Hoffman, Grayscale’s Managing Director of Sales and Distribution, commented that GBTC has been “domina…

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