Posted 1/11/2024, 10:19:56 PM
Bitcoin Spot ETFs See $4.5B Volume on First Day, BlackRock's IBIT Captures 22% Despite Closing Down
- Day one trading volume for new Bitcoin spot ETFs totaled $4.5 billion, exceeding expectations
- BlackRock's iShares Bitcoin Trust (IBIT) saw nearly $1 billion in volume, making up 22% of the total
- IBIT closed down 4.6% from its opening price after early trading frenzy settled down
- Grayscale Bitcoin Trust (GBTC) saw record daily volume of 56 million shares, beating its prior high
- Hashdex received approval to convert its futures ETF to spot, but has not yet done so; will bring total back to 11 spot BTC ETFs whenever it does