#TrendingTopic #Launchpool BITCOIN SUDDEN SURGE ???

During the initial three days on the market, spot Bitcoin ETFs recorded a cumulative trading volume of around $10 billion, maintaining Grayscale Investments and BlackRock as frontrunners in this sector.

Grayscale's recently transformed Bitcoin Trust ETF (GBTC) reported Tuesday's trading volumes at approximately 25 million shares, equivalent to $970 million, based on data from Yahoo Finance analyzed by Blockworks. This followed trading volumes of $2.3 billion and $1.8 billion on Thursday and Friday, respectively.

Despite the substantial trading activity, the elevated volumes for GBTC did not indicate a net influx of funds. According to a CoinShares report released on Monday, the trust experienced net outflows of $579 million last week. Although recently converted to an ETF, GBTC had its origins in 2013 and currently manages approximately $27 billion in assets.