The digital asset manager’s fund, which is a conversion, led the pack of 11 Bitcoin ETFs that started trading in the U.S. for the first time after the U.S. Securities and Exchange Commission’s approval, with just over US$2.1 billion in volume as of late afternoon Thursday, according to BitMEX research. The 11 ETFs’ collective trading volume hit about US$4.4 billion by that time. (The Logic)
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The digital asset manager’s fund, which is a conversion, led the pack of 11 Bitcoin ETFs that started trading in the U.S. for the first time after the U.S. Securities and Exchange Commission’s approval, with just over US$2.1 billion in volume as of late afternoon Thursday, according to BitMEX research. The 11 ETFs’ collective trading volume hit about US$4.4 billion by that time. (The Logic)
Talking point: Bitcoiners reacted with ebullience to the long-anticipated trading debut of Bitcoin ETFs, which they hope will pave the way for greater adoption and price increases. The SEC approved the investment products late Wednesday afternoon, authorizing 11 applications from financial heavy hitters including BlackRock and Fidelity. For years, the SEC denied every application it reviewed, citing market manipulation concerns. On Tuesday, SEC chair Gary Gensler posted a warning to investors on X, cautioning them of the “serious risks involved” in investing in crypto. The price of Bitcoin stayed largely flat Thursday.
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