Grayscale and Invesco/Galaxy Dominate Bitcoin ETF Debut, BlackRock in 6th

• U.S. Bitcoin ETFs Begin Trading and Here's a Rank of the Top 11 by Volume
• Ranking of Bitcoin ETFs by First-Day Trading Volume
• Grayscale Bitcoin Trust (GBTC)
• Invesco Galaxy Bitcoin ETF (BTCO)
• Fidelity Wise Origin Bitcoin Trust (FBTC)
• Hashdex Bitcoin ETF (DEFI)
• WisdomTree Bitcoin Fund (BTCW)
• BlackRock's iShares Bitcoin Trust (IBIT)
• ARK 21Shares Bitcoin ETF (ARKB)
• Bitwise Bitcoin ETF (BITB)
• Valkyrie Bitcoin Fund (BRRR)
• Franklin Bitcoin ETF (EZBC)
• VanEck Bitcoin Trust (HODL)

U.S. Bitcoin ETFs Begin Trading and Here's a Rank of the Top 11 by Volume

After years of anticipation, Bitcoin$42,260 -0.64% Exchange Traded Funds (ETFs) have finally made their debut in the U.S. market. They were officially approved on Wednesday and began trading on Thursday. As of 10 a.m. ET (15:00 UTC) on the first day of trading, the ranking of the 11 funds by trading volume is as follows:

Ranking of Bitcoin ETFs by First-Day Trading Volume

Grayscale Bitcoin Trust (GBTC)

First-day trading volume: $532 million

Invesco Galaxy Bitcoin ETF (BTCO)

First-day trading volume: $531 million

Fidelity Wise Origin Bitcoin Trust (FBTC)

First-day trading volume: $481 million

Hashdex Bitcoin ETF (DEFI)

First-day trading volume: $452 million

WisdomTree Bitcoin Fund (BTCW)

First-day trading volume: $447 million

BlackRock's iShares Bitcoin Trust (IBIT)

First-day trading volume: $361 million

ARK 21Shares Bitcoin ETF (ARKB)

First-day trading volume: $272 million

Bitwise Bitcoin ETF (BITB)

First-day trading volume: $175 million

Valkyrie Bitcoin Fund (BRRR)

First-day trading volume: $170 million

Franklin Bitcoin ETF (EZBC)

First-day trading volume: $154 million

VanEck Bitcoin Trust (HODL)

First-day trading volume: $58 million

The debut of these Bitcoin ETFs is a significant milestone in the recognition and mainstream adoption of Bitcoin and other cryptocurrencies. With these ETFs, both retail and institutional investors have a new way to gain exposure to this innovative asset class.

Edited by Jonathan Stoker