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Spot Bitcoin ETFs Debut: More Than $4.6B Worth Trading Volume, Grayscale Dominates

Equities & Market Mechanics

Definition

Key Takeaways Spot bitcoin ETFs had their first day of trading in the U.S. on Thursday.While there are currently 10 different spot bitcoin ETFs on the market, Grayscale's GBTC accounted for more than half of all of Thursday's trading volume for these financial products.According to one analyst, GBTC's current dominance may be due to investors selling that particular offering for one of the new alt

In Panel Profits

In the Panel Profits market platform, Spot Bitcoin ETFs Debut: More Than $4.6B Worth Trading Volume, Grayscale Dominates applies standard equities & market mechanics principles to comic assets and physical collections. Trading volume and liquidity spreads reflect secondary market dealer and auction transactions.

Common mistakes

Do not infer unobserved prices.