In March, the trading volume of Bitcoin spot ETFs reached $111 billion, a threefold increase

According to The Block data, the trading volume of Bitcoin spot ETFs reached $111 billion in March, which is three times the total trading volume of $42.2 billion in February. The three Bitcoin spot ETFs issued by Grayscale, BlackRock, and Fidelity continue to dominate trading volume. Grayscale's GBTC fund has had a total outflow of over $15 billion since the start of trading in January. In US dollars, last month BlackRock and Fidelity managed approximately $18 billion and $10 billion in spot Bitcoin ETFs, respectively.