"The $9.6 Billion ETF Boom: Analyst's Insights"

This downturn in trading vigor was evident when compared to the initial two days for the nine newly introduced spot bitcoin ETFs, along with the recently converted GBTC ETF. Market data revealed that the total trading volume for the ten U.S.-focused spot BTC ETFs amounted to a total of $1.94 billion. The day prior saw $3.15 billion in global trade volume and to date, $9.63 billion has been recorded across all three days of trading.GBTC and Blackrock’s IBIT dominated the trading volume, with GBTC registering a significant $1.01 billion and IBIT recording $372.31 million. The Fidelity Wise Origin Bitcoin Fund (FBTC) experienced substantial trading as well, with $322.82 million, while Ark Invest and 21shares’ ARKB ETF observed $124.52 million in trades. This means, out of the ten spot bitcoin ETFs, those four equated to $1.83 billion or 94.32% of the day’s volume.