BlackRock, Fidelity early winners among 11 spot bitcoin ETFs that have hit a total of $2.2 billion in trading volume so far | Headlines | News | CoinMarketCap
01/11/2024 23:28
BlackRock and Fidelity's spot bitcoin ETFs got off to a hot start on Thursday. The two Wall Street juggernauts are leading the pack in early trading …
The Block15 minutes ago
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Published on January 11, 2024 16:12 GMT+00:00edited on January 11, 2024 16:14 GMT+00:00
BlackRock and Fidelity's spot bitcoin ETFs got off to a hot start on Thursday.
The two Wall Street juggernauts are leading the pack in early trading as between the two of them, their new spot bitcoin ETFs have seen more than $958 million in trading volume as of 11:10 a.m. EST on Thursday morning, according to data from Yahoo Finance compiled by The Block Pro Research. As both BlackRock and Fidelity's products are new it's likely the majority of the trading volume is made up of inflows of capital.
That could be different for Grayscale's spot bitcoin ETF, which instead of being a new exchange-traded fund is a conversion of its flagship GBTC fund. Grayscale's ETF had about $1 billion in trading volume as of 11:10 a.m. EST but it's unclear how much of that could possibly be capital …