US Spot Bitcoin ETFs Rack up $4.6 Billion in Trading Volume on Day 1 — Blackrock Debuts With $1 Billion
U.S. spot bitcoin exchange-traded funds (ETFs) racked up $4.6 billion in total trading volume on their first day of trading. Blackrock, the world’s largest asset manager, debuted with more than $1 billion in trading volume for its Ishares Bitcoin Trust. Grayscale’s spot bitcoin ETF, which converted from the Grayscale Bitcoin Trust, registered a total trading volume of $2.3 billion. This is “easily the biggest Day One splash in ETF history,” said an ETF analyst. $4.6 Billion in Total Trading Volume The long-awaited debut of U.S. spot bitcoin exchange-traded funds (ETFs) ignited a trading frenzy on their first day of trading Thursday, reaching a cumulative volume of $4.6 billion. Blackrock, the world’s largest asset manager, debuted with over $1 billion in trading volume for its Ishares Bitcoin Trust (IBIT), followed by Fidelity Wise Origin Bitcoin Fund (FBTC), with a trading volume of $712 million. Grayscale’s spot bitcoin ETF, which was converted from its bitcoin trust (GBTC), had