Bloomberg ETF Analyst: BITO’s trading volume last week was US$1.7 billion, the second largest week since its listing

Bloomberg ETF analyst Eric Balchunas stated on social media that the trading volume of the Bitcoin futures ETF BITO last week was $1.7 billion, making it the second-largest trading week since its listing. The trading volume of GBTC last week was $800 million. Balchunas said, "This means that $2.5 billion has been invested in two investment methods that are not ideal (compared to spot), although we believe that spot ETFs are unlikely to set records on the first day, there is obviously still an audience."