Bitcoin ETF Volume Rockets Higher

Posted on 02/27/2024

Bitcoin rose to nearly US$ 57,000 as the new bitcoin EFTs broke an all time volume record with US$ 2.4 billion. IBIT, the iShares ETF, accounted for US$ 1.3 billion. JPMorgan said bitcoin would be “improving” from here and not merely “sustaining.” Last January, bitcoin was trading at US$ 16,450. Bitcoin proxy MicroStrategy surged nearly 10% to US$ 875 on news it bought another 3,000 bitcoin.

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