BTC Price Index and Live Chart – CoinDesk”>(BTC) exchange-traded funds (ETF) to cross Grayscale’s GBTC trading volume on Thursday.

IBIT closed Thursday with a total of $306 million, while BITO had $298 million. shows that GBTC’s trades were lower at $291 million, from multiple sources.

James Seyffart , an analyst at Bloomberg Intelligence, said on X that Thursday marked the first day in which daily ETF volumes fell below $1 billion. These figures do not include trading after hours.

Grayscale is the leader in trading volume among bitcoin ETFs. This has been true since Grayscale’s listing at the beginning of January. These volumes contributed to a selling pressure over the last few weeks, as GBTC traders took their profits and shifted providers. Some banks have stated.

reported that the bankrupt crypto exchange FTX had sold more than $1 billion in GBTC. has seen gradual inflows. All ETFs held a combined total of $28,6 billion worth bitcoin on Thursday.

Parikshit Miishra is the editor.