"Bitcoin ETFs: A Ground-Breaking Approval and Trading Debut"

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Source: Yahoo Finance
"Bitcoin ETFs: A Ground-Breaking Approval and Trading Debut"
Photo: Yahoo Finance
TL;DR Summary

The first US exchange-traded funds (ETFs) directly holding Bitcoin had a strong debut, with over $4.6 billion in shares traded on their first day. The Grayscale Bitcoin Trust, now an ETF, saw about $2.3 billion in volume, while BlackRock’s iShares Bitcoin Trust had over $1 billion change hands. This historic trading day is seen as ground-breaking, with unprecedented demand for these ETFs, although it's noted that much of the initial demand may be from pre-arranged "seed" money. The actual investor inflows and organic demand from retail investors or financial advisors may become clearer as more broker-dealers list the funds on their platforms.

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