Nine spot Bitcoin ETFs hit a record combined daily trading volume of $2.4 billion yesterday, according to Bloomberg ETF analyst Eric Balchunas.
BlackRock's Bitcoin ETF, IBIT, led the pack with $1.3 billion traded.
According to Balchunas, earlier in the day, when IBIT passed the $1 billion mark, it ranked 11th among all ETFs.
He called this figure "insane" for a newly created ETF and indicated that it is significant enough to capture the attention of institutional investors.
In addition, Carson Group, a $30 billion registered investment advisor platform, has approved four of these spot Bitcoin ETFs, including those offered by BlackRock, Fidelity, Franklin Templeton and Bitwise.