Bitcoin ETF - Daily Volume Exceeds $2 Billion!

Wed 21 Feb 2024 ▪ 3 min of reading ▪ by Eddy S.
Getting informed Crypto regulation

The Bitcoin ETF sector is booming! Yesterday, the top 9 ETFs saw their biggest daily volume since launch, recording approximately $2 billion in trades. To give you an idea, $2 billion in daily volume would place the “Nine” in the top 20 stocks in terms of liquidity. VanEck’s Bitcoin ETF volume increased fifteenfold.

Bitcoin Crypto ETF

VanEck’s Bitcoin ETF Makes Waves

The VanEck Bitcoin ETF, approved by the SEC in 2024, made a splash yesterday. Its volume spiked fourteenth in a single day! Unlike financial products that track the price via futures contracts, this groundbreaking ETF actually holds bitcoins.

The investor confidence in the first physically backed Bitcoin ETF permitted in the USA speaks to the increasing maturity and legitimization of crypto assets. The market applauds this significant advance, which could pave the way for mass adoption of bitcoin through Wall Street’s traditional channels.

The “Nine” Break Through the Roof

Yesterday, the Nine turned heads with their numbers. These crypto-index funds generated approximately $2 billion in trade volumes. Three of them shattered their records: HODL, BTCW, and BITB.

For comparison, $2 billion in daily trades would rank the Nine within the top 20 for stocks in terms of traded liquidity. This is simply massive.

Investors are flocking to these crypto funds, which replicate a basket of cryptocurrencies, offering an easy and secure exposure to the volatility of crypto assets, without the hassle of managing wallets themselves.

A DeFi Revolution Shaking Wall Street

The record volumes of Bitcoin ETFs show that a revolution is underway. Decentralized finance (DeFi) is taking off and is set to upend Wall Street.

Thanks to blockchain, crypto assets enable peer-to-peer value exchange without middlemen. Financial services, loans, savings, insurance: everything is disintermediated. Even DAOs are emerging.

This is a paradigm shift from traditional finance, which is centralized and opaque. Some see it as the biggest innovation since the creation of the Internet.

Banks and financial institutions are threatened with obsolescence by this transparent and democratized 2.0 finance. Wall Street can no longer afford to ignore it.

Between those seeking to adapt and the DeFi purists advocating for complete disruption, one thing is certain: finance will never be the same again. Crypto assets are reshuffling the deck.

The year 2024 marks a turning point. The rise of Bitcoin ETFs demonstrates the power of this wave beginning to crash onto the financial establishment. It’s the dawn of a new crypto era. The dinosaurs of Wall Street who refuse to accept this reality are doomed to extinction.

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Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.