Spot Bitcoin ETFs Begin Trading with Over $2.6B in Volumes

BlackRock, Grayscale, and Fidelity Lead in Trade Volume as Bitcoin ETFs Go Live

• The US Securities and Exchange Commission has cleared nearly a dozen spot bitcoin ETFs to start trading, with BlackRock, Fidelity, and Grayscale leading in trade volume.
• BlackRock's iShares Bitcoin Trust and Grayscale led trade volume in early afternoon trading, with roughly 26 million shares in BlackRock’s fund traded since the ETF launched.
• Fidelity rounded out the top three ETFs with volume sitting at 11 million shares traded.
• As of 12 pm ET, total volumes surpassed $2.6 billion, according to data from the TIE terminal.
• The spot bitcoin ETFs surpassed $1 billion in trade volume within the first 30 minutes of trading after the bell.

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