According to breaking information, Bitcoin Spot ETFs, which the cryptocurrency world has been eagerly waiting for, started trading on US stock exchanges and their transaction volume exceeded 1 billion dollars.
Following the development, Bitcoin price exceeded $48,000.
According to the latest data, the transaction volume in Bitcoin Spot ETFs exceeded 2.3 billion dollars.
Bloomberg ETF analyst Eric Balchunas said the following about the performance of Bitcoin Spot ETFs in his statement:
“Wow, trading started just 20 minutes ago and the volume traded within the group (including GBTC) is high, with half a billion traded within the group (close to passing $1 billion) and led by FBTC (far surpassing BITO). It is worth noting that almost all of the volume in the first few days will turn into inflows.”
*This is not investment advice.
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