Bitcoin ETFs Debut with Impressive Trading Volumes, Injective Rolls out Volan Upgrade
Jan 11, 2024
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Market Update At long last, all eleven spot Bitcoin ETF applications have been approved! They all began trading this morning, and trading volumes have been impressive thus far. According to Bloomberg Senior Analyst Eric Balchunas, Grayscale and Blackrock are leading the pack, accounting for $1.7 billion in trading volume out of the $2.3 billion total (not including BITO). Investors will be eyeing ETF inflows, which will be calculated once share counts are disclosed after market close. Despite the impressive trading volumes, $BTC (-1.47%) has dropped into the $45k’s after briefly surging up