First Spot Bitcoin ETF In US Begins Trading
The first-ever spot Bitcoin ETF in the US, BlackRock’s iShares Bitcoin Trust (IBIT), has started trading in the pre-market after its approval by the SEC.
The iShares trust is currently up 22.25% and is listed on the Nasdaq exchange. Bloomberg senior ETF analyst Eric Balchunas noted that IBIT had traded a significant volume of $2 million worth of shares in the pre-market, which may be driven by BlackRock.
Grayscale’s Bitcoin Trust (GBTC) ETF also started trading in the pre-market, with shares up 2% during pre-market trading hours.
Official trading for all 11 approved spot BTC ETFs will begin when markets open on Jan. 11.
(With inputs from Shikha Singh)
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