{"id":227909,"date":"2024-01-12T00:39:44","date_gmt":"2024-01-11T19:09:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=227909"},"modified":"2024-01-12T00:39:44","modified_gmt":"2024-01-11T19:09:44","slug":"bitcoin-etfs-daily-trading-volume-crosses-5b-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-etfs-daily-trading-volume-crosses-5b-crypto-news\/","title":{"rendered":"Bitcoin ETFs Daily Trading Volume Crosses $5B – Crypto News"},"content":{"rendered":"

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Newly approved ETFs account for over $1.7B while GBTC and BITO see over $3B of trades.<\/p>\n

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A day after the SEC\u2019s historic approval<\/a> of nine Bitcoin ETFs, the new exchange-traded funds have racked up a combined $1.75B in trading volume in the roughly four hours since trading began today.<\/p>\n

Bitcoin ETF trading volumes as of 1330 ET. Source: Yahoo Finance<\/figcaption><\/figure>\n

The approval of a spot Bitcoin ETF by the SEC is seen as a nod to the legitimacy and stability of Bitcoin as an investable asset. It signals a certain level of regulatory clarity and acceptance which the crypto industry has sought for a long time.<\/p>\n

Bitcoin and the broader crypto markets have enjoyed a bullish resurgence ever since Blackrock, the world\u2019s largest asset manager, filed to launch<\/a> a spot Bitcoin ETF in June 2023. BTC has rallied over 80%, while Ether is up around 50% in the same span.<\/p>\n

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\"the-defiant\"
BTC Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

Meanwhile, most major altcoins have outperformed both, with Solana staging the best performance in the top ten, surging over 500% in 2023.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Newly approved ETFs account for over $1.7B while GBTC and BITO see over $3B of trades. A day after the SEC\u2019s historic approval of nine Bitcoin ETFs, the new exchange-traded funds have racked up a combined $1.75B in trading volume in the roughly four hours since trading began today. Bitcoin ETF trading volumes as of […]<\/p>\n","protected":false},"author":2,"featured_media":227910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-227909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/227909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=227909"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/227909\/revisions"}],"predecessor-version":[{"id":227916,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/227909\/revisions\/227916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/227910"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=227909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=227909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=227909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}