The volume of Grayscale's Bitcoin Trust product, GBTC, increased almost 80% in June, amid asset manager BlackRock’s application to the U.S. Securities and Exchange Commission (SEC) for a spot bitcoin exchange-traded-fund (ETF) and similar filings by two other large financial services firms. The trust’s trading volume increased to $45 million in June, maintaining its position as the industry’s most traded trust product. This comes as multiple high-profile institutions have filed for ETFs in June, including Invesco and WisdomTree, along with BlackRock. Compared with Grayscale’s ETHE trust, GBTC’s volume significantly outperformed in trading volume.
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