Record First Day: Bitcoin ETF Trading Volume Exceeds $4.5B

• Spot Bitcoin ETF Trading Volume Exceeds $4.5 Billion on Opening Day
• Spot Bitcoin ETFs Begin Trading Post Approval
• Investment in Bitcoin Grows as New Investors Enter the Market
• Bitcoin Trading Volume and Price Show Green Trend

Spot Bitcoin ETF Trading Volume Exceeds $4.5 Billion on Opening Day

Following its landmark approval on Wednesday, Spot Bitcoin$42,260 -0.64% ETF's trading volume has already eclipsed $4.5 billion on the first day. Within the first hour alone, the trading volume of the new ETF touched $1.74 billion.

Spot Bitcoin ETFs Begin Trading Post Approval

After being approved on Wednesday, Spot Bitcoin ETFs commenced trading on Thursday morning. As many as 11 asset firms, including BlackRock, Fidelity, and others, were ready to trade the ETFs immediately post-approval. The trading volume for these products has outstripped the $4 billion prediction set by Bloomberg.

Investment in Bitcoin Grows as New Investors Enter the Market

The introduction of these investment vehicles and their issuance by renowned asset management firms has attracted numerous new investors to the space. Accordingly, there were great expectations regarding the product's performance during the opening hours of trading, with a particular interest in the performance of BlackRock's iShares Bitcoin Trust.

Bitcoin Trading Volume and Price Show Green Trend

With the rise in Bitcoin investments due to the new ETFs, Bitcoin's trading volume has increased by nearly 10% in the last 24 hours. In addition, the leading cryptocurrency has displayed a steady increase in price over the last 24 hours, with a significant surge above $48,000 shortly after the markets opened.

As more bank clients become familiar with Bitcoin ETFs and we get closer to the next halving, Bitcoin's price is expected to continue its ascent.

Edited by Jonathan Stoker