Home First Spot Bitcoin ETF In US Begins Trading

First Spot Bitcoin ETF In US Begins Trading

By adminJanuary 12, 2024, 6:58 AM1 Mins read313 Views

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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