March was a remarkable period for spot bitcoin Exchange-Traded Funds (ETFs), with trading volume reaching an impressive $111 billion, nearly tripling the figures from February. This surge in bitcoin spot ETFs volume reflects a growing interest in these relatively new financial instruments within the digital asset market.

Eric Balchunas, a senior ETF analyst at Bloomberg, shared the significance of March’s trading volume on social media platform X, calling it “March Madness.” He noted that it was almost triple the combined volume of January and February. 

However, the analyst remained cautious about predicting future trends, stating:

“I can’t imagine April will be bigger, but who…

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