Spot Bitcoin ETFs top $4.5B in total volume on day 1

On the first day of trading spot Bitcoin ETFs including those from Black Rock Grayscale and Fidelity collectively Reached over 4.5 billion in total volume Black Rock's ey shares Bitcoin trust LED With $1 billion in volume followed by Fidelity's ETF with 685 million and the Grayscale Bitcoin trust with $2.2 Billion however hash's Bitcoin ETF did Not start trading as expected as the SEC Did not make its form S1 effective Analysts suggest that much of the Trading activity may have been selling With investors shifting from older funds Like grayscales Bitcoin trust to newer Lower fee options the impact on Underlying Bitcoin purchases will be Clearer in the coming Days

Coinbase
OUR TAKE

Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.

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