Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/historic-surge-in-bitcoin-etf-trading-volume-on-wall-street">Historic Surge in Bitcoin ETF Trading Volume on Wall Street</a> 
On January 11th, the launch day for <a href="https://en.bitcoinhaber.net/bitcoins-resilience-decline-in-death-proclamations-over-the-years">Bitcoin</a> ETFs on Wall Street saw a remarkable surge in trading activity, with Grayscale emerging as the day’s star. The trading volume exceeded $4 billion, marking a historic day for Bitcoin ETFs. 
Major asset managers including BlackRock Inc. and Fidelity Investments witnessed the debut of 11 Bitcoin ETFs, with approximately $4.6 billion worth of shares traded. Bloomberg’s renowned ETF strategist, Eric Balchunas, reported that 700,000 individual transactions took place across these ETFs. 
To provide context, this volume of transactions is double that of Invesco’s $QQQ, although QQQ sees a larger dollar volume due to more significant institutional participation. Balchunas highlighted this as an unprecedented first-day jump in ETF history, exceeding expectations. 
Grayscale Bitcoin Trust achieved a record-breaking $2.3 billion trading volume on its first day, setting a new benchmark for ETF debut turnovers. Even ETFs introduced to the market without replacing existing funds attracted significant attention with historic trading volumes. 
BlackRock’s iShares Bitcoin Trust, known as IBIT, also had a successful launch, reaching a trading volume of $1 billion, ranking as the fifth-largest ETF debut. The long-term success of ETFs and investors’ seamless access remain topics of interest, with platforms like Robinhood Markets Inc. already expressing intent to list these funds, despite ongoing uncertainties and market volatility, as Bitcoin fluctuated around $46,100 at the time of writing. 
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/historic-surge-in-bitcoin-etf-trading-volume-on-wall-street">Historic Surge in Bitcoin ETF Trading Volume on Wall Street</a></h5>

Historic Surge in Bitcoin ETF Trading Volume on Wall Street

BH NEWS

Other articles published on Jan 12, 2024

Ripple’s Legal Battle Heats Up: SEC Demands Recent Financial Statements

HKVAC’s global crypto index adds SOL, replacing XRP

Grayscale's XRP Move Sparks Hope, Will It Turn Bullish for the Coin?

Shiba Inu: You Can Become a SHIB Millionaire for $10 in January 2024

Why Is DIMO Price Surging and What Can We Expect from the Token in the Future?

Unstoppable Domains Enhances Brand IP Protection with SecureWeb3 Partnership

Join our free newsletter for daily crypto updates!