Grayscale reveals that major financial companies such as BlackRock and Fidelity have achieved impressive success in the spot exchange-traded fund (ETF) market. On the third trading day, the total trading volume of these companies in the spot ETF market accounts for almost 90 percent of the overall volume, playing a decisive role in the market.
When going into details, it is stated that Grayscale, BlackRock and Fidelity have high transaction volumes in the spot ETF market, and this reinforces their leadership in the market. According to the market, these major financial institutions stand out as having significant influence in the rapidly growing market of spot ETFs.
This shows that major financial players are increasing their power in the cryptocurrency and digital asset markets, and ETF products are attracting the attention of more and more investors. This dominance of the spot ETF market by companies such as Grayscale, BlackRock, and Fidelity represents a significant development that reflects trends in the general cryptocurrency and finance world.
