The 10-fund segment saw trade volumes amounting to roughly $9.5 billion on Tuesday — beating the record set on Feb. 28. by Ben Strack /. March 5, 2024 04:43 pm. ioda/Shutterstock modified by Blockworks. Trading volumes for the US spot bitcoin ETFs reached a new daily high just hours after BTC hit a record price of about $69,000.. The 10-fund segment’s volumes totaled roughly $9.5 billion on Tuesday, according to Yahoo Finance data — eclipsing the previous record of about $7.6 billion set on Feb. 28.. BlackRock’s iShares Bitcoin Trust (IBIT) led the way on volumes once again, with $3.7 billion worth of the fund’s shares trading on the day.. Read more: Is it too soon to name BlackRock the bitcoin ETF segment winner?. Volumes for the Grayscale Bitcoin Trust ETF (GBTC) and the Fidelity Wise Origin Bitcoin Fund (FBTC) followed with $2.8 billion and $2 billion, respectively.. “Volatility and volume go hand in hand with ETFs so not totally surprised,” Bloomberg Intelligence analyst Eric Balchunas said in an X post. “That said, these are bananas numbers for ETFs under [two months] old.”. Demand for the US spot bitcoin ETFs has surged in recent weeks as BTC price marched to an all-time high Tuesday. The Securities and Exchange Commission approved the offerings in January after years of blocking such funds — unlocking easier access to bitcoin exposure for a wider set of investors.. The asset rose to above $69,000 at about 10 am ET. The price of bitcoin (BTC) stood at about $62,000 at 4 pm ET — down about 10% from its apex.. The 10 bitcoin funds have seen roughly $8 billion of net inflows since launching on Jan. 11, according to BitMEX research data — a total coming despite higher-priced GBTC’s nearly $9.3 billion of net outflows.. Roughly $1.6 billion of the segment’s positive flows came last week, during which the category’s trade volumes hit a record $22 billion.. Don’t miss the next big story – join our free daily newsletter.. Tags. bitcoin etf. BlackRock. BTC. ETFs. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. buy ticketslearn more. Day 0x. HYATT REGENCY SALT LAKE CITY. TUES, OCT. 8, 2024. Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, . . learn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. Wormhole is a suite of open-source, permissionless protocols used to move assets and queries across blockchains. Despite being a common misconception, Wormhole is not just a token bridge. Nevertheless, protocols can build token bridges on top of Wormhole by leveraging the cross-chain messaging provided.. by Boccaccio. more from news. Select a tab. Strong momentum around bitcoin ETFs and the upcoming bitcoin halving equate to a bullish outlook for BTC, industry watchers argue. by Ben Strack /. March 5, 2024. Before Grayscale converted its trust, Osprey’s trust was a competitor. by Katherine Ross /. March 5, 2024. This time around, the festival says it’s partnering with a “trusted, secure and safe partner” in OpenSea. by Jack Kubinec /. March 5, 2024. Euler will be introducing modular design with a relaunch that is expected to occur in Q2 of 2024. by Bessie Liu /. March 5, 2024. The concurrent resolution seeks to “encourage” pension fund managers to consider crypto in their allocations. by Casey Wagner /. March 5, 2024. Polymer is one step closer to bringing Cosmos SDK technology to Ethereum through its latest testnet launch. by Bessie Liu /. March 5, 2024