BlackRock and ProShares Bitcoin ETFs overtake GBTC’s daily trading volume

BlackRock and ProShares daily spot Bitcoin volumes surpass Grayscale’s GBTC.

Bitcoin (BTC) traded between $42,580 and $43,422 on Feb. 2 as the Grayscale Bitcoin Trust’s (GBTC) grapplehold over spot Bitcoin exchange-traded fund (ETF) selling took a pause. 

Grayscale’s converted GBTC ETF has dominated the spot Bitcoin ETF market in terms of daily volumes since the products began trading on Jan. 11.

This dominance came to an end on Feb. 1 when BlackRock’s iShares Bitcoin Trust (IBIT) and ProShares’ Bitcoin Strategy ETF (BITO) became the first of the nine ETFs to surpass GBTC’s trading volume.

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