Bitcoin ETFs experienced more than $4 billion in trading volume, according to live data from CoinGlass at 11:30 p.m. UTC.
Precisely, $3.11 billion in volume was spread between nine spot Bitcoin ETFs. The five spot Bitcoin ETFs with the largest volumes were:
- Grayscale Bitcoin Trust, with $1.83B in volume
- BlackRock’s iShares Bitcoin Trust, with $971M in volume
- Fidelity Wise Origin Bitcoin Trust, with $436M in volume
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Ark/21 Shares Bitcoin Trust, with $151.53M in volume
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Bitwise Bitcoin ETP, with $78.35M in volume
Bitcoin futures ETFs added $983 million of volume, primarily made up of ProShares’ Bitcoin Strategy ETF with a $971 million volume.
Spot and futures Bitcoin ETFs reported a volume of $4.09 billion. CoinGlass listed data for 23 futures and spot ETFs, with price and volume data available for all but three funds.
Spot Bitcoin ETFs complete first days of trading
Spot Bitcoin ETFs have now concluded their first days of trading since the U.S. Securities and Exchange Commission (SEC) approved those products on Wednesday, Jan. 10 and since trading began on Thursday, Jan. 11.
Negative sentiment toward Vanguard’s decision against supporting Bitcoin products remains circulated on social media. Bloomberg ETF analyst Eric Balchunas suggested today that “fury towards [the] SEC has been redirected at Vanguard” for its anti-Bitcoin policies. He conceded that Vanguard has the right to own listing decisions as a private company.
Other reports address spot Bitcoin ETFs and their potential influence on BTC prices, BlackRock’s entry into the list of the top 15 Bitcoin holders, and Samson Mow’s prediction of a supply shock partly driven by spot Bitcoin ETFs.
The post Bitcoin ETFs see $4 billion in volume, with spot ETFs responsible for $3 billion appeared first on CryptoSlate.
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