BITO stock trading volume reached 32.5 million shares, approximately four times the average daily trading volume

According to Nasdaq data, as of 2:30 pm Eastern Time, the ProShares Bitcoin Strategy ETF (BITO) traded 32.5 million shares, approximately four times the average daily trading volume. Today's trading volume is expected to exceed the 33.5 million shares traded on October 16. On that day, after media erroneously reported that the SEC had approved BlackRock's bitcoin ETF, bitcoin quickly jumped from around $28,000 to $30,000. As of 2:30 pm Eastern Time, the 2x Bitcoin Strategy ETF (BITX) from Volatility Shares had traded over 800,000 shares.