BlackRock’s spot Bitcoin ETF — the iShares Bitcoin Trust (IBIT) — surpassed a record high of $720 million in daily volume on Feb. 14 to take the number one spot in terms of volume, according to data from Coinglass.
Commenting on IBIT’s more than $700 million in volume on Feb. 14, Bloomberg ETF analyst Eric Balchunas described the trend as a “more unusual second wind strength” for the fund. He explained:
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