"Debut of Bitcoin ETFs Sparks Market Volatility and Top Volume Rankings"

1 min read
Source: The Wall Street Journal
"Debut of Bitcoin ETFs Sparks Market Volatility and Top Volume Rankings"
Photo: The Wall Street Journal
TL;DR Summary

On the first trading day of U.S. exchange-traded funds holding the largest digital currency, Bitcoin and crypto stocks experienced mixed performance, with Bitcoin rising 1% to near $45,000 after initially surging to about $49,000. Ether also saw a 7% jump to about $2,600. However, Bitcoin mining stocks fell, and crypto exchange Coinbase Global, which serves as the bitcoin custodian for eight of the 11 funds, fell 7%, while MicroStrategy, a bitcoin-buying software intelligence firm, was down 6%.

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