The data tracker ranked BlackRock’s IBIT fund as the largest intaker of investor demand with $128.6 million in inflows. Bitwise’s $3.7 million followed BlackRock as the second-biggest inflow of the day, as Fidelity came in third with $3 million. Nevertheless, cumulative trading volumes have doubled since last month, when numbers first hit $100 billion following listing approval from the U.S. SEC in January.
Sonnenshein’s firm commanded over 50% of the market share at the start of the year but dropped below 25% at press time. The shift places Grayscale in second, and Fidelity’s 16.9% share in third.