Spot #Bitcoin ETF trading volume hit $2.8B today, reflecting strong investor interest amid $BTC rise to $91,739. BlackRock’s IBIT likely led, as it did with $4.2B on Apr 22.
Since their Jan 2024 launch, ETFs have seen over $200B in cumulative volume. Institutional demand and low-fee ETFs like IBIT and FBTC drive activity. High inflows against Bitcoin’s limited supply fuel price gains.