Record volumes and price at the highest in October
The month of October has ended e Bitcoin demonstrates its strength. With a growth of11% clear, BTC is approaching its ATH and the market watches.
The monthly closing it’s there second highest everwith a price of $70,200 dollars, preceded only from closing March 2024when the price closed at $71.300only $1,000 dollars more than the current one.
I Monthly volumes are hugeonly your Bitcoinas reported by Coinmarketcapthe volumes traded are higher $1.25 trillion dollarsalmost equal to total market capitalization of Bitcoin. L’Approximately 80% of volumes derive from the derivatives marketwhile only the It’s about 20%. relating to the SPOT market.
I volumes on Bitcoin ETFs in October they are just a little above $45 billionstill a value far from the total tradedbut what scales quickly to SPOT market trades.
Anyone who buys Bitcoin today goes through Blackrock
In October the ETF they did mind-boggling numbers. Beyond $5.4 billion dollars in fact they have been added to the AUM (assets under management) of ETFs.
The truly impressive fact is that almost all of it, equal to $4.6 billion, And entrance on the market via IBIT, Blackrock’s ETFwhich currently matters over 433,000 Bitcoins under management.
Therefore, with this AUM, over $30 billion, the ETF IBIT positions itself in global rankings.
In the global ranking of ETFs, which is dominated by SPYit main Reference ETF for the Standard & Poor’s 500 index, It will go is positioned at sixty-seventh place. This data brings to light the importance that the market and investors attribute to Bitcoin, placing in fact IBIT main global ranking.
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