Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs
Trading volumes for the exchange-traded funds soared to $110 billion, three times higher than either January or February, led by BlackRock’s IBIT.
Trading volumes for the exchange-traded funds soared to $110 billion, three times higher than either January or February, led by BlackRock’s IBIT.
Upbit’s 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko veri show.
Hardly any value is being moved on-chain, a sign nobody wants to sell, one analyst said.
The göğüs coin frenzy seems to have catalyzed higher volumes on the Solana blockchain, which also boasts greater capital efficiency than Ethereum.
Some professional traders have termed SLERF a “blue-chip meme” – a nod to blue-chip stocks – for reasons ranging from its fair distribution among holders to perceived future demand.
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop.
The KOSPI trading volume totaled a record 11.4794 trillion won on Mar. 8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.
Spot bitcoin ETFs had their best day since their debut on Monday, recording $2.4 billion in daily trading volume coupled with strong inflows.
The “turnover ratio” offers an indication of the proportion of a fund’s assets traded each day.
The shares of the popular trading platform rose 15% after beating earnings and revenue estimates.