Bitcoin ETF

Bitcoin

Spot

<ul class="news-points"> 
 <li>Spot Bitcoin ETFs amassed $4.6 billion in trading volume on its first day of trading.</li> 
 <li>700,000 spot Bitcoin ETF transactions were recorded, which is twice the number of trades of Invesco (QQQ ETF).</li> 
 <li>The significant number of trades in spot Bitcoin ETFs on the first day of trading indicates a robust retail presence.</li> 
</ul> 
In a historic first, U.S. exchanges witnessed a trading frenzy as the first-ever spot Bitcoin ETFs began trading. Over $4.6 billion in trading volume, representing over 700,000 individual transactions, swept across the market, marking a watershed moment for both the crypto and traditional financial worlds. 
Among the 11 ETF issuers, Grayscale’s dominance was undeniable. Its converted GBTC fund single-handedly accounted for over $2.3 billion in trade volume. It’s worth noting that the conversion of GBTC into an ETF was a <a href="https://coinedition.com/sec-chair-gensler-calls-bitcoin-a-speculative-volatile-asset-amid-etf-approval/">pivotal moment in the approval process</a> of the first spot Bitcoin ETF in the US, following a court ruling that questioned the SEC’s previous rejection. 
Aside from a remarkable trading volume, the 700,000 transactions of spot Bitcoin ETFs dwarfed even established giants like Invesco (QQQ ETF), which has only half that number of trad…
The post <a href="https://coinedition.com/spot-bitcoin-etfs-trading-debut-4-6b-traded-700k-transactions/">Spot Bitcoin ETFs Trading Debut: $4.6B Traded, 700K Transactions</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Spot Bitcoin ETFs Trading Debut: $4.6B Traded, 700K Transactions

Coin Edition

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