- Grayscale and Blackrock lead the spot Bitcoin ETF volume.
- Bitcoin ETFs saw around $4.6 billion on the first day of trade.
Initially, approval was granted, followed by the emergence of statistics. This scenario unfolded with Bitcoin [BTC], witnessing the approval of multiple spot ETFs.
Following the approval, traders promptly engaged in business activities. Nevertheless, early indications of resistance have started to surface.
Tracking the first-day spot Bitcoin ETF volume
The first day of trading proved to be highly active for spot Bitcoin ETFs, as evidenced by the substantial recorded volume. According to Reuters data, the cumulative volume reached approximately $4.6 billion by the close of trading on 11th January.
Among the key players, Grayscale, BlackRock, and Fidelity emerged as dominant contributors on the first day.
Grayscale, in particular, led the pack with a noteworthy volume of around $2.2 billion. This was a somewhat anticipated outcome considering its transition from a Bitcoin trust.
Among the new listings, BlackRock’s IBIT showed the highest volume. It had over $1 billion on 11th January, constituting a significant portion of the overall trade. Fidelity’s FBTC also made a notable mark with a trading volume of around $685 million on the first day.
The first sign of resistance?
Elizabeth Warren, a member of the US Senate, has consistently expressed skepticism towards cryptocurrencies, and the recent approval of the ETF did little to change her stance.
In a post following the approval, she criticized the SEC, stating they were “wrong on the law and wrong on the policy.” Warren also expressed concerns that Bitcoin and crypto, in general, were not adhering to basic anti-money laundering regulations.
The @SECgov is wrong on the law and wrong on the policy with respect to the Bitcoin ETF decision.
If the SEC is going to let crypto burrow even deeper into our financial system, then it’s more urgent than ever that crypto follow basic anti-money laundering rules.
— Elizabeth Warren (@SenWarren) January 11, 2024
The disapproval extended beyond Warren’s stance, as institutional disapproval surfaced as well. Reports indicate that Vanguard has opted not to facilitate the trading of spot Bitcoin ETFs.
Vanguard’s rationale is centered on the assertion that spot BTC ETFs do not align with their preferred asset class.
The reactions to both Senator Warren’s comments and Vanguard’s position have been varied. It remains early in the days of spot ETFs, and their future performance could either reinforce the negative sentiments or weaken them.
Read Bitcoin (BTC) Price Prediction 2024-25
Bitcoin has yet to see positive reactions
As per the daily timeframe chart, Bitcoin has yet to embrace the hype surrounding its spot ETFs. The chart showed that by the end of 11th January, BTC experienced a decrease, albeit a modest one below 1%.
Despite this decline, it continued to trade above the $46,000 mark. As of this writing, the downward trend continued but was still less than 1%. It was trading at around $46,170.
Source: Trading View
how to buy generic clomiphene without dr prescription clomiphene generic brand buy generic clomid without dr prescription where can i buy cheap clomiphene tablets can i buy clomiphene no prescription buying cheap clomid without prescription where can i buy cheap clomid price
Greetings! Very productive par‘nesis within this article! It’s the crumb changes which liking espy the largest changes. Thanks a a quantity quest of sharing!
The reconditeness in this serving is exceptional.
order zithromax 250mg sale – buy ciprofloxacin sale metronidazole 200mg sale
purchase semaglutide online – generic semaglutide 14 mg oral periactin
buy motilium pills for sale – buy domperidone pills for sale order cyclobenzaprine 15mg online cheap
buy inderal 20mg online cheap – methotrexate canada methotrexate 5mg brand
buy amoxil online cheap – purchase amoxil generic combivent cheap
buy azithromycin 250mg online – tinidazole drug cheap bystolic 20mg
buy amoxiclav pill – https://atbioinfo.com/ buy acillin pill
order nexium 40mg online cheap – https://anexamate.com/ nexium 20mg uk
warfarin over the counter – blood thinner hyzaar where to buy
buy mobic for sale – moboxsin.com meloxicam 15mg pills
order prednisone 10mg generic – https://apreplson.com/ purchase deltasone sale
best drug for ed – fastedtotake herbal ed pills
purchase amoxicillin pill – https://combamoxi.com/ cheap amoxicillin
fluconazole 100mg sale – site order fluconazole 200mg generic
buy cenforce without a prescription – https://cenforcers.com/ cenforce pill
cialis 20 mg how long does it take to work – tadalafil vidalista tadalafil lowest price
cialis black 800 mg pill house – https://strongtadafl.com/# maxim peptide tadalafil citrate
viagra cheap discount – cheap viagra online in uk buy viagra with paypal
I am in point of fact thrilled to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks object of providing such data. fildena cuanto dura el efecto
More posts like this would persuade the online elbow-room more useful. https://ursxdol.com/clomid-for-sale-50-mg/
Thanks for sharing. It’s first quality. tenormin medication
This website absolutely has all of the bumf and facts I needed to this case and didn’t comprehend who to ask. https://aranitidine.com/fr/acheter-cenforce/
Greetings! Jolly productive recommendation within this article! It’s the scarcely changes which wish espy the largest changes. Thanks a a quantity towards sharing! https://ondactone.com/spironolactone/
The sagacity in this serving is exceptional.
https://doxycyclinege.com/pro/dutasteride/
More posts like this would bring about the blogosphere more useful. http://www.01.com.hk/member.php?Action=viewprofile&username=Knbjdx
dapagliflozin pills – dapagliflozin 10mg cheap dapagliflozin buy online
order orlistat online – https://asacostat.com/ orlistat 120mg brand
More articles like this would make the blogosphere richer. http://iawbs.com/home.php?mod=space&uid=916823