Bitcoin ETF volumes top $10bn in three days, but spot prices lag

Freshly minted bitcoin exchange-traded funds are seeing exceptionally large trading volumes since last week’s landmark debuts from BlackRock Inc (NYSE:BLK), Grayscale, Fidelity and VanEck, among others. Bloomberg data shows a total of $10 billion in trading volumes across 10 ETF products in the first three trading days, an “insane” volume, according to Bloomberg’s ETF seer Eric Balchunas. He stated on social media: “Let me put into context how insane $10b in volume is in first 3 days. There were 500 ETFs la ...