Amidst the soaring surge of Bitcoin, retail traders are turning to a novel tool: exchange-traded funds (ETFs).

These funds, launched just last month, have witnessed a remarkable uptick in trading volume this week as Bitcoin continues its ascent.

For instance, FactSet reports that the iShares Bitcoin Trust (IBIT) saw a staggering 96 million shares traded on Wednesday, more than doubling its previous record of 43 million shares set on Tuesday.

Similarly, the Fidelity Wise Origin Bitcoin Fund (FBTC), a multibillion-dollar fund, experienced approximately 27 million shares changing hands on Wednesday, easily surpassing the 16.8 million shares traded on its inaugural trading day of January 11.

Meanwhile, the ARK 21Shares Bitcoin ETF (ARKB) witnessed around 7 million trades, approximately 1 million more than its previous record on January 11.

The robust activity surrounding these ETFs indicates a notable involvement of retail traders in the Bitcoin rally. Bitcoin, the leading cryptocurrency, breached the $60,000 mark on Wednesday for the first time since November 2021.

While ETFs cater to investors of all types, the significant intraday trading activity suggests a substantial presence of retail traders engaging in buying and selling these funds.

The remarkable trading volume becomes even more striking when considering the price dynamics. Bitcoin has surged by approximately 30% since the approval of these ETFs, with the tracking funds witnessing consistent price increases over the past six weeks, including a notable surge this week.

This price movement translates into record-dollar amounts traded for many of these funds on Wednesday.

One notable exception to this trend is the Grayscale Bitcoin Trust (GBTC), which experienced significantly lower trading volume compared to January levels. Despite this, with about 34 million shares traded on Wednesday, equivalent to over $1.5 billion in trading volume, GBTC remains a significant player in the market.