Bloomberg Analyst: BlackRock’s Bitcoin ETF Volume Hits $2 Million

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Cointime2024/01/11 11:36

By:Cointime

ETF analyst Eric Balchunas from Bloomberg stated on X platform that BlackRock's Bitcoin ETF (IBIT) has traded stocks worth $2 million. For a regular ETF, this is already a good first full-day trading volume, let alone during the market trading period at 6 am. However, this trading volume is likely to be carefully planned by BlackRock as it slowly injects funds. Nevertheless, this is a good early indication of an important day.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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