In a remarkable turn of events, the United States spot Bitcoin exchange-traded funds (ETFs) achieved an unprecedented milestone on March 5, with a staggering record of $10 billion in trading volume.

This extraordinary surge in spot bitcoin ETFs’ volume occurred as the digital asset reached a new all-time high before experiencing a sharp decline of around 14% within the next five hours.

“Bananas Numbers” for Spot Bitcoin ETFs Volume

Bloomberg ETF analyst Eric Balchunas reported the impressive numbers on X. He expressed surprise at the “bananas numbers for ETFs under [two months] old,” highlighting the significance of this accomplishment.

MILESTONE: the ten Bitcoin ETFs did $10b in…

Read more on bitcoinnews