Bitcoin ETFs experience volatile trading on first day
Bitcoin ETFs saw a rocky start on their first day of trading, reflecting the overall volatility in the crypto market. The Grayscale Bitcoin Trust (GBTC) and iShares Bitcoin Trust (IBIT) were among the first funds to begin trading, and their performance swung dramatically throughout the day. In the mid-morning session, GBTC rose by nearly 3%, while IBIT initially rose but later fell by more than 3%. Notably, both funds experienced high trading volumes, with millions of shares changing hands within the first 10 minutes of the trading session. This tumultuous market activity suggests a potentially unpredictable future for Bitcoin ETFs.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
