Since the groundbreaking endorsement of Spot Bitcoin ETFs at the beginning of January, the newly introduced offerings have exhibited strong performance up to this point. Specifically, the Bitcoin ETF offered by Grayscale has led the market with respect to the amount of trading it sees each day. This week, there has been a period where the Bitcoin ETFs of BlackRock and Fidelity were nearing Grayscale regarding their daily trading volume (DTV). By the end of Tuesday’s trading, BlackRock and Fidelity had amassed a trading volume of $383 million and $288 million, respectively, as reported by figures from Yahoo Finance. Grayscale maintained its leading position, securing $396 million once more. In the initial hours of market activity, BlackRock and Fidelity surpassed Grayscale in daily trading volume. Additionally, it has been reported that Harvest has submitted the premier application for a spot Bitcoin ETF in Hong Kong. Since their approval, the three Bitcoin exchange-traded funds have accounted for more than 75% of the trading volume for this financial product. Alternative spot bitcoin ETFs from firms like Invesco, Galaxy, Franklin Templeton, and Ark Invest have not kept up with the front-runners in the market. Bloomberg’s analyst specializing in Bitcoin ETFs, James Seyffart, has reported that the combined trading volume for all active spot Bitcoin ETFs is approaching the $27 billion mark. Yahoo Finance reported that approximately $1.2 billion worth of trades occurred on Tuesday over the course of the day.