The launch of new Bitcoin ETFs was highly successful, with BlackRock, Grayscale and Fidelity’s ETFs leading in terms of total trading volumes on the first day of trading.
One issuer, however, did not have its expected start. According to Yahoo Finance data, the 10 spot Bitcoin ETFs collectively saw a total volume of over $4.5 billion on their launch day.
Among the newly listed funds, BlackRock’s iShares Bitcoin Trust (IBIT) saw the highest trading volume, handling over $1 billion, which accounted for 22% of the total volume.
Following closely behind was Fidelity’s spot Bitcoin ETF, which recorded a volume of around $685 million. Grayscale’s ETF, the Grayscale Bitcoin Trust (GBTC), also saw a significant trading volume of $2.2 billion.
However, Hashdex’s BTC ETF did not commence trading on January 11 as planned.
