Top Three Bitcoin ETFs Capture 90% Market
The market for spot bitcoin ETFs is gaining momentum, with Grayscale, BlackRock, and Fidelity emerging as the clear leaders, representing 90% of the total trading volume.
During Tuesday’s trading, these three funds collectively contributed $1.6 billion out of the total $1.8 billion in trading volume, demonstrating their dominance despite a dip from Friday’s peak of $3 billion in overall trading volume.
BlackRock Poised to Surpass Grayscale as ‘Liquidity King’
Although Grayscale has dominated the volume charts, BlackRock is gaining momentum as a potential ‘Liquidity King,’ with significant inflows for BlackRock and Fidelity.
BlackRock’s ETF is positioned to overtake Grayscale in the liquidity race, while the overall trading activity for the new funds remains healthy, signaling a dynamic landscape as the spot bitcoin ETF market matures.
Hot Take
The trio of Grayscale, BlackRock, and Fidelity has cemented its position as the dominant force in the growing market for spot bitcoin ETFs, with potential for BlackRock to surpass Grayscale as the ‘Liquidity King’ and signal a dynamic landscape as the market matures.
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