The launch of new spot bitcoin exchange-traded funds (ETFs) has been a significant event, amassing an impressive $11.82 billion in trading volume over just four days. Standing out in this burgeoning field, alongside Grayscale’s GBTC, is Blackrock’s IBIT. This fund has emerged as a prominent player in terms of both trading volume and the amount of bitcoin (BTC) it holds. In its initial four days on the market, IBIT has already recorded a trading volume of $1.28 billion, representing 10.82% of the total volume across all funds.