United States spot Bitcoin BTC $62,665 exchange-traded funds (ETFs) have set a new record for daily trading volumes — beating the previous tally by over one and a half times.

The ten ETFs saw $7.69 billion in volume on Feb. 28, per data posted to X by Bloomberg ETF analyst James Seyffart.

The previous record was $4.66 billion in volume seen on the fund’s Jan. 11 launch day.

BlackRock’s iShares Bitcoin ETF (IBIT) took up 43.5% of the total — seeing $3.35 billion in trading volume and doubling its previous daily record.

It’s also roughly the trading volume all ten ETFs saw the day prior on Feb. 27.

The Grayscale Bitcoin Trust (GBTC) — the runner-up for the day — had $1.86 billion in trading volume.

The Fidelity Wise Origin Bitcoin Fund (FBTC) came third with $1.44 billion — doubling its volume record.

The combined volumes of GBTC and FBTC comprise about 43% of the total volume.

It took only half the trading day for the nine new ETFs — bar Grayscale’s — to blow past their previous record, Bloomberg analyst Eric Balchunas wrote in a Feb. 28 X post.

They went on to double that volume record with around $5.8 billion in volume by the close of trading, Balchunas wrote in a later post.

“The total number of trades was double too, over half a million individual trades [between] them,” he added.

Balchunas added market makers told him the volume is largely “natural demand” versus algorithmic or arbitrage trading volume as he’d previously speculated.

The record-setting volume day comes as Bitcoin rallied over 10% to an over two-year high of $64,000.

It’s retraced to as low as $60,000 but slightly recovered to trade above $62,000 at the time of publication, according to Cointelegraph Markets Pro.

Meanwhile, GBTC saw $216.4 million in net outflows on Feb. 28, according to preliminary Farside Investors data.

It’s the fund’s highest outflow day since its $220.7 million on Jan. 30 and a record so far for February.

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