Crunching numbers
As the crypto space soaks in the spot bitcoin ETF approval from last week, trading volumes across all 11 issuers hit $11.95 billion with assets in aggregate around $27.7 billion within four days, according to a post on X by James Seyffart, an ETF analyst at Bloomberg Intelligence.
Prior to the U.S. Securities and Exchange Commission’s approval of the spot bitcoin ETFs, some experts told me they expected trading volumes to hit $10 billion in a year, not a week. So it’s safe to say these numbers are way ahead of the previously anticipated demand.
