Bitcoin ETFs see $4 billion in volume, with spot ETFs responsible for $3 billion
Bitcoin ETFs experienced more than $4 billion in trading volume, according to live data from CoinGlass at 11:30 p.m. UTC.
Precisely, $3.11 billion in volume was spread between nine spot Bitcoin ETFs. The five spot Bitcoin ETFs with the largest volumes were:
Grayscale Bitcoin Trust, with $1.83B in volumeBlackRock’s iShares Bitcoin Trust, with $971M in volumeFidelity Wise Origin Bitcoin Trust, with $436M in volumeArk/21 Shares Bitcoin Trust, with $151.53M in volumeBitwise Bitcoin ETP, with $78.35M in volumeBitcoin futures ETFs added $983 million of volume, primarily made up of ProShares’ Bitcoin Strategy ETF with a $971 million volume.
Spot and futures Bitcoin ETFs reported a volume of $4.09 billion. CoinGlass listed data for 23 futures and spot ETFs, with price and volume data available for all but three funds.
Spot Bitcoin ETFs complete first days of trading
Spot Bitcoin ETFs have now concluded their first days of trading since the U.S. Securities and Exchange Commission (SEC) approved those products on Wednesday, Jan. 10 and since trading began on Thursday, Jan. 11.
Negative sentiment toward Vanguard’s decision against supporting Bitcoin products remains circulated on social media. Bloomberg ETF analyst Eric Balchunas suggested today that “fury towards [the] SEC has been redirected at Vanguard” for its anti-Bitcoin policies. He conceded that Vanguard has the right to own listing decisions as a private company.
Other reports address spot Bitcoin ETFs and their potential influence on BTC prices, BlackRock’s entry into the list of the top 15 Bitcoin holders, and Samson Mow’s prediction of a supply shock partly driven by spot Bitcoin ETFs.
BTC Price & Market DataAt the time of press, Bitcoin is ranked #1 by market cap and the BTC price is up 0.93% over the past 24 hours. BTC has a market capitalization of $835.49 billion with a 24-hour trading volume of $21.65 billion. Learn more about BTC ›
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Market summary
At the time of press, the global cryptocurrency market is valued at at $1.68 trillion with a 24-hour volume of $55.38 billion. Bitcoin dominance is currently at 49.84%. Learn more ›
