BlackRock's Bitcoin ETF Surpasses Vanguard in Trading Volume

BlackRocks Bitcoin ETF, IBIT, surged to $3.7 billion in trading volume, outpacing Vanguards S&P 500 ETF, as Bitcoin prices recovered and Vanguard announced support for crypto ETFs. IBIT, launched less than two years ago, now holds $66.3 billion and is BlackRocks top revenue-generating ETF. Cryptocurrencies like Ether, XRP, and Dogecoin also gained, with Cardanos ADA leading the charge at 14%. Positive bitcoin prices boosted crypto-related stocks, including MicroStrategy, Robinhood, Bullish, and Circle.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.