Bitcoin successfully became an ETF giant! Surpasses the daily trading volume of 99% of index stock funds

After the successful listing of the Bitcoin spot ETF, the trading volume on the first day exceeded US$4.6 billion, opening the door for traditional financial investment in BTC, and the trading popularity has remained high.

Bloomberg ETF analyst Eric Balchunas tweeted today (20th) that the trading volume of the Bitcoin spot ETF surged again, up 12% from last Thursday and 53% from last Wednesday. This is a a rare phenomenon.

He also pointed out that Fidelity’s $FBTC has surpassed BlackRock’s $IBIT in terms of trading volume, becoming one of the two asset management giants competing for the leading position of Bitcoin spot ETF. $FBTC’s trading volume reached $499 million, while $IBIT’s trading volume was $429 million.

Overall, the daily trading volume of 9 Bitcoin spot ETFs (including GBTC) exceeded US$1.2 billion yesterday, ranking in the top 1% of all ETFs. The daily trading volume of both $FBTC and $IBIT can also rank in the top 2%. It’s important to note that the top 2% of ETFs have been around for an average of 14 years. However, these two spot ETFs achieved this result in just one week, which is very amazing.

Franklin Templeton CEO: Investor demand for Bitcoin is huge

According to reports on Friday, data showed that the total asset management scale of 11 Bitcoin spot ETFs has exceeded 270 million One hundred million U.S. dollars. This number surpasses silver, making Bitcoin the second-largest ETF commodity asset class in the United States, behind gold. This shows that the Bitcoin ETF has successfully attracted the attention and investment of mainstream investors.

Franklin Templeton President and CEO Jenny Johnson recently said in an interview with CNBC that their Bitcoin spot ETF has received a lot of investor demand. As a multinational asset management company in the United States with assets under management exceeding US$1.4 trillion, Franklin Templeton’s interest in the Bitcoin market continues to grow. Johnson highlighted the high level of investor focus on Bitcoin, which reflects the importance of the digital asset in investment portfolios. The company will continue to closely monitor market dynamics and flexibly adjust its product portfolio based on investor demand.

Bitcoin ETFs are popular among investors because they solve the problem of private key management. Private key management technology is complex, and if not handled properly, Bitcoins can be lost or stolen.

""It's really complicated. I did it at one point, and then I tried to really figure out how to get back in, and it was hard. So, a better way to access it would be through an ETF. "

She also pointed out that there are many reasons for the increase in public demand for Bitcoin. She gave an example, such as the gradual expansion of Bitcoin payment scenarios, and many people using it to attack authoritarian governments. Because they're afraid their fiat currency will be confiscated for saying the wrong thing. "[Bitcoin] is almost considered an insurance or security component. But I also think the push for the next step in the blockchain world is A real opportunity is very important.""

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