Bloomberg ETF Analyst: VanEck Bitcoin ETF daily trading volume reaches $258 million, an increase of about 1400% compared to the average level

ChainCatcher message, according to data shared by Bloomberg ETF senior analyst Eric Balchunas on the X platform, VanEck's Bitcoin ETF (ticker "HODL") had a trading volume of $258 million on February 20, which is 14 times its average daily trading volume. The sudden surge in VanEck's trading volume was due to an influx of about 32,000 individual trades (Eric Balchunas noted that this is 60 times its average level), rather than from a single large investor.

In addition, according to Bloomberg citing Balchunas's data, the trading volume of the WisdomTree Bitcoin Fund (WBTC) also saw a "surge," with the total trading volume on February 20 increasing by about 1200% compared to its average level, reaching $154 million.