U.S. ETFs directly holding Bitcoin made a thunderous debut this Thursday, shattering expectations with over $4.6 billion in trading volume. 🔊
The debut was extraordinary, with nearly a dozen spot Bitcoin ETFs launching simultaneously, leaving analysts scrambling for comparisons. Fueled by pent-up demand and the allure of established names like Grayscale, BlackRock, and Fidelity, investors eagerly snapped up shares.
Grayscale’s converted ETF emerged as the leader, amassing a staggering $1.9 billion in trades, with BlackRock and Fidelity not far behind, boasting figures of $942 million and $628 million, respectively.
These numbers reflect a clear appetite for Bitcoin exposure and signify a surge of confidence in these newly accessible investment vehicles. The SEC’s decision to greenlight these ETFs is a pivotal moment, granting cryptocurrency a layer of legitimacy and paving the way for wider adoption. 📻