As a professional translator, I will translate this news article into English using descriptive language. I will ensure accuracy, coherence, and retain proper nouns. The translated content is as follows:
As a large amount of funds poured into Bitcoin spot ETFs, the price of Bitcoin reached a new high since early December 2021, briefly hitting $57,000 today (27th). According to Eric Balchunas, a senior ETF analyst at Bloomberg, the trading volume of nine newly launched Bitcoin spot ETFs on Monday totaled $2.4 billion, setting a record for the highest daily trading volume since their launch.
Source:
Eric Balchunas
Balchunas stated that the trading volume of Bitcoin spot ETFs yesterday was approximately twice the recent daily average trading volume. Among them, BlackRock’s Bitcoin spot ETF (ticker: IBIT) led by a wide margin with a trading volume of nearly $1.3 billion.
Balchunas also pointed out that when the trading volume of IBIT surpassed $1 billion earlier that day, it ranked 11th (top 0.3%) among all ETFs and in the top 25 among stocks, which is “an astounding number for a newly launched ETF, especially one with 10 competitors.” He added:
Last week, Bloomberg reported that Carson Group, a registered investment advisor platform with $30 billion in assets under management, approved four Bitcoin spot ETFs to offer to its clients, including IBIT, FBTC launched by Fidelity, EZBC by Franklin Templeton, and BITB by Bitwise. These products will be provided to financial advisors using Carson Group’s services.
Data released by digital asset management company CoinShares on Monday showed that the net inflow of funds into digital asset investment products reached $598 million last week, marking the fourth consecutive week of net inflows. The net inflow since the beginning of the year has exceeded $5.7 billion.
Source:
CoinShares
Data source
