BlackRock's IBIT trading volume hits $3.7B, surpassing Vanguard's VOO

Amid a nearly 6% surge in Bitcoin's price on Dec. 2, trading volume for spot ETFs also jumped, Cointelegraph reported. BlackRock's IBIT notably recorded $3.7 billion in trading volume, surpassing the $3.2 billion volume of Vanguard's S&P 500 ETF (VOO). However, most mining stocks saw sharp declines on the same day. IREN Limited, formerly Iris Energy, fell by more than 15%, while Cipher Mining dropped 10% and TeraWulf closed down 7%.