Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»Spot Bitcoin ​ETF Shines on First Trading Day
EXCHANGE NEWS

Spot Bitcoin ​ETF Shines on First Trading Day

By Crypto FlexsJanuary 14, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Spot Bitcoin ​ETF Shines on First Trading Day
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Securities and Exchange Commission (SEC) has approved key parts of the application for the Spot Bitcoin ETF, ending a month-long wait. As a result, the product’s trading volume surged from the first day. Overall, trading volume exceeded $4.5 billion, with BlackRock and Grayscale leading the way.

Grayscale traded 56 million shares and BlackRock traded 38 million shares. The valuation reached $2.3 billion for the former and $1 billion for the latter. That number is likely to increase as more products finalize registration.

BlackRock’s iShares Bitcoin ETF (IBIT) was listed for trading for the first time. Experts set the first trading day as the next day. Biggest first day splash in ETF history. This was also compared to the trading volume of the first Bitcoin Sutures ETF. In October, it was about $950 million.

James Butterfill, head of research at CoinShares, said it was too early to conclude on volume, adding that the impact was moderate and could be due to liquidation of futures positions.

Surprisingly, the value of BTC has fallen 0.21% in the last 24 hours and is currently trading at $45,986.84. The reason why BTC enthusiasts’ eyes are wide open is because yesterday it exceeded $47,000 in monetary terms. That was shortly after updates on the Bitcoin ETF approval began to surface in the media.

Considering that the token is up 4.99% in the last 7 days and 9.72% in the last 30 days, holders will remain the same while the value of BTC is rising.

The next speculation will be about an Ether ETF, with BlackRock and Fidelity likely taking the lead with their respective applications. Bitcoin’s value is still poised to surpass ATH by the end of this year. Assuming all factors align over the next 11-12 months, there is a slight chance that the token will hit the $100,000 milestone, expanding holders’ portfolios.

For now, I hope BTC stays above $38,000. As experts say, it is too early to draw conclusions about spot Bitcoin ETF trading volume. The situation will become clearer as more applications see the end of the tunnel and are listed on registered exchange platforms for trading.

House Republicans praised the approval, with Reps. Hill, McHenry, and Emmer coming out publicly to express their satisfaction with the development.

There remain hints that malicious actors may misuse the product by finding flaws in the system. Analysts said investors’ funds could be at risk if malicious actors take advantage of opportunities for money laundering and market manipulation. The committee said it was aware of this and would investigate such activity if brought to its attention.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Best visa stable coin encryption card

August 1, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

Ether Leeum price rises

July 23, 2025
Add A Comment

Comments are closed.

Recent Posts

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

XRP Rebounds On ETF Hopes As CryptoMining Firm Launches $8,100/Day Cloud Contracts

August 2, 2025

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025

Meme Coin ‘$SATOSHI’ Heralding The Return Of Satoshi Nakamoto’s Vision Launches First Presale

August 1, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025
Most Popular

Republican senators Cruz, Hagerty, Scott, Budd, and Braun have introduced legislation to ban the Federal Reserve from issuing digital dollars.

February 27, 2024

The role of prysm in the evolution of Ether Leeum and the influence of PECTRA fork

May 30, 2025

Ethereum shakes Bitcoin, ETH/BTC ratio moves higher: will this trend continue?

January 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.