CandleFocus Bitcoin ETF volume reached $5b as Bitcoin price dropped $91k
2024-11-27
Author: Content Editor
The Bitcoin ETF has attracted significant investment from institutional investors since its release in January 2024, allowing them to diversify assets without directly owning Bitcoin. On November 26, the ETF recorded a trading volume of $5 billion, with major players like BlackRock, Fidelity, and Grayscale leading the way. BlackRock's iShares Bitcoin Trust had the highest trading volume at $3.46 billion, while Fidelity's Wise Origin Bitcoin Fund saw a volume of $620 million. Grayscale Bitcoin Trust ETF accounted for around $400 million in trading volume. Bitcoin's price experienced a slight decrease of 1.23% to $91,000, with a total market capitalization of $1.8 trillion and a dominance of 57%. The market also experienced liquidations totaling $465 million, with Bitcoin and small market cap coins leading the way.
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