BlackRock Bitcoin ETF sets daily volume as BTC recovery declines.

BlackRock's spot bitcoin (BTC) exchange-traded fund (ETF) fell 6% from its intraday high in the US, setting another intraday trading record.

March 14 Barchart data shows that iShares Bitcoin Trust (IBIT) traded 99.3 million shares on the day — a turnover of more than $3.9 billion and dwarfing the previous volume record of $3.7 billion set 10 days earlier on March 5.

BTC dropped 6% from its daily high on the US trading day, and has since recovered.

The BlackRock Spot Bitcoin ETF was the top-performing fund by volume and net income among ten new ETFs launched in January.

It saw a record net inflow day on March 12 with $849 million in inflows – the largest of any Bitcoin fund to date.

The Greyscale Bitcoin Trust (GBTC), however, remains the largest US Bitcoin ETF by assets. Although its March 14 trade volume was second only to IBIT at $1.96 billion.

As of March 10, Greyscale's ETF's market share among Bitcoin ETFs has fallen below 50 percent. GBTC has seen approximately $11.7 billion in inflows since its conversion from trusts to ETFs, along with the launch of nine new funds.

Related: Franklin Templeton goes ‘full degen' with investor note on memecoins

Bloomberg ETF analyst Eric Balchunas shared with X on March 14 that although the month is already halfway through, the monthly trading volume of the top ten ETFs has “already broken the numbers” from previous months.

ETFs have taken in $65 billion so far this month, more than $20 billion more than the roughly $42 billion in February.

Net capital inflows into ETFs also continued to accelerate, with net inflows exceeding $1 billion per day two days ago on March 12.

Bitcoin, meanwhile, is down 2% in the past 24 hours, according to Cointelegraph Markets Pro.

It hit an intraday high above $73,500 before falling 6.3% to a low of $68,855 by 7:45 pm New York time to close the US trading day at 3:45 pm New York time.

After recovering 4%, it is now over $71,600.

Magazine: Bitcoin Man, X Hall of Flame: China to fuel $1M Bitcoin bull run by 2028