Spot Bitcoin ETFs top $4.5B total volume on the first day of trading

The first day of trading for a suite of new Bitcoin exchange-traded funds (ETFs) has gone off with a bang, with BlackRock, Grayscale, and Fidelity’s ETFs coming out on top in total volumes. One issuer, however, didn't get to start as expected.

Aggregated data from Yahoo Finance, compiled by Cointelegraph, shows that the total volume across ten of the spot Bitcoin ETFs reached more than $4.5 billion in total volume for day one trading.

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), was the top performer of the newly-listed funds, handling just over $1 billion in volume — 22% of the group's total volume — per Yahoo Finance data.

Following close behind was Fidelity’s spot Bitcoin ETF — FBTC — which witnessed some $685 million in day one trading volume.

Grayscale’s Bitcoin ETF, which trades under the ticker GBTC, notched $2.2 billion in total volume. The investment vehicle is a conversion of its pre-existing Grayscale Bitcoin Trust.

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Jan-12-2024 10:28:09 AM