Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
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

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 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

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

Linea Rising: We have empowered the digital community with Web3

January 25, 2025

The fastest way to double the money in 2025? BSTR miner cloud mining- #1 selection

March 26, 2025

Smart contract platform Soroban has finally arrived on the Stellar network.

March 19, 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.