Bitcoin ETFs See Record $4.6B Volume on First Day as Wall Street Embraces Crypto
• Over $4.6 billion worth of shares traded between the almost a dozen US spot Bitcoin ETFs on their first day • The Grayscale Bitcoin Trust saw about $2.3 billion in volume, the most heavily traded ETF debut on record • BlackRock’s iShares Bitcoin Trust (IBIT) saw over $1 billion change hands • Strong initial demand but unclear how much is organic vs "seed" money from fund issuers • More signs of retail and advisor demand may emerge later as more broker-dealers list the funds