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Bitcoin exchange-traded funds reach $4 billion in trading volume, with spot ETFs accounting for $3 billion.
Bitcoin ETFs recorded over $4 billion in trading volume, based on real-time data from CoinGlass at 11:30 p.m. UTC.
Specifically, $3.11 billion in volume was distributed among nine spot Bitcoin ETFs. The five spot Bitcoin ETFs with the highest volumes were:
- Grayscale Bitcoin Trust, with $1.83B in volume
- BlackRock’s iShares Bitcoin Trust, with $971M in volume
- Fidelity Wise Origin Bitcoin Trust, with $436M in volume
- Ark/21 Shares Bitcoin Trust, with $151.53M in volume
- Bitwise Bitcoin ETP, with $78.35M in volume
Bitcoin futures ETFs contributed $983 million in volume, largely driven by ProShares’ Bitcoin Strategy ETF, which accounted for $971 million of that total.
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Combined, spot and futures Bitcoin ETFs reported a volume of $4.09 billion. CoinGlass provided data for 23 futures and spot ETFs, with pricing and volume information available for all but three funds.
Spot Bitcoin ETFs conclude initial trading days
Spot Bitcoin ETFs have now wrapped up their initial trading days following the approval of these products by the U.S. Securities and Exchange Commission (SEC) on Wednesday, Jan. 10, with trading commencing on Thursday, Jan. 11.
Negative sentiment regarding Vanguard’s choice not to support Bitcoin products continues to circulate on social media. Bloomberg ETF analyst Eric Balchunas noted today that “anger towards [the] SEC has been redirected at Vanguard” for its stance against Bitcoin. He acknowledged that Vanguard, as a private entity, has the authority to make its own listing decisions.
Additional reports discuss spot Bitcoin ETFs and their potential impact on BTC prices, BlackRock’s emergence among the top 15 Bitcoin holders, and Samson Mow’s forecast of a supply shock partially influenced by spot Bitcoin ETFs.
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