United

Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Spot

After nearly a decade of anticipation, investors witnessed the launch of the first spot <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-correlation-drops-to-lowest-level-in-60-days" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs in the United States, approved by the Securities and Exchange Commission (SEC) on January 11. Trading commenced shortly after the opening bell the following day.
The ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), Grayscale Bitcoin Trust (GBTC), Valkyrie Bitcoin Fund (BRRR), Bitwise (BITB), and ARK 21Shares Bitcoin ETF, saw significant trading volume in the initial hours, signaling strong investor interest.
Grayscale Bitcoin Trust experienced a nearly 6% pre-market surge, while iShares Bitcoin Trust rose over 4%. GBTC became the largest ETF product, crossing the $1 billion mark within the first two hours, accounting for 40% of the total volume.
The SEC’s approval of 11 spot Bitcoin ETFs opened the door for investments in the world’s largest cryptocurrency by market value without the direct holding risks associated with Bitcoin.
Meanwhile, the data platform TradingView added support for spot Bitcoin ETF products, enabling investors to easily track and analyze their performance. The market participants will continue to monitor the Bitcoin ETFs closely to assess their performance and correlation with Bitcoin’s price movements.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/historic-launch-of-first-spot-bitcoin-etfs-in-the-us" rel="noopener noreferrer nofollow">Historic Launch of First Spot Bitcoin ETFs in the US</a></h5>

Historic Launch of First Spot Bitcoin ETFs in the US

BH NEWS

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