The United States witnesses the commencement of
pre-market trading for its first-ever Bitcoin exchange-traded funds (ETFs)
today (Thursday). BlackRock’s iShares Bitcoin Trust (IBIT) took the
lead, soaring by an impressive 22.25% in pre-market trading, Cointelegraph
reported, citing data from Yahoo Finance.
Meanwhile, Grayscale’s Bitcoin Trust (GBTC) also
entered the pre-market trading with a notable gain of 2%, reflecting the
growing interest surrounding these newly approved financial products among investors. With a substantial pre-market volume of $2 million,
IBIT’s impressive launch has prompted speculation about BlackRock’s influence in
driving this initial surge.
Meanwhile, Grayscale’s Bitcoin Trust (GBTC) entered
the pre-market trading, highlighting a gain of 2% during the early hours.
Listed on the New York Stock Exchange, GBTC added to the excitement surrounding
the launch of spot Bitcoin ETFs in the US. The approval of the applications from major companies such as BlackRock, Grayscale, and others by the US Securities and
Exchange Commission (SEC) paved the way for 11 spot Bitcoin ETFs to be listed
and traded on public exchanges.
Welcoming @iShares to the @NasdaqExchange Opening Bell. https://t.co/K9aO2FLBVs
— Nasdaq Exchange (@NasdaqExchange) January 11, 2024
Surprisingly, the price of Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term did not respond
much to the approval of the spot Bitcoin ETF. It maintained a
steady price of around $46,000. In contrast, the fake news about the
approval of the funds that surfaced after the SEC’s website was compromised
triggered a more significant spike in the price of the digital asset.
Impressive Inflows Mark Spot Bitcoin ETF Debut
IBIT stands out as it charts a course toward an
unprecedented inflow of $3 billion on its inaugural trading day, Coindesk reported, citing crypto index provider CF Benchmarks. The recently
approved fund attracted $400 million within the first half-hour of trading,
According to CF
Benchmarks, IBIT’s first 30 minutes of trading experienced an influx of $400
million, hinting at a potential record-breaking $3 billion in assets under
management by the end of the first trading day.
If achieved, this would mark the largest debut in
ETF history, underlining the demand from investors seeking regulated
avenues to invest in bitcoin. CF Benchmarks’ CEO, Sui Chung, emphasized the ripple
Ripple
Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may
Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may
Read this Term
effects of the success of IBIT. The ETF is expected to catalyze increased demand,
prompting market makers to allocate more capital to support liquidity.
The United States witnesses the commencement of
pre-market trading for its first-ever Bitcoin exchange-traded funds (ETFs)
today (Thursday). BlackRock’s iShares Bitcoin Trust (IBIT) took the
lead, soaring by an impressive 22.25% in pre-market trading, Cointelegraph
reported, citing data from Yahoo Finance.
Meanwhile, Grayscale’s Bitcoin Trust (GBTC) also
entered the pre-market trading with a notable gain of 2%, reflecting the
growing interest surrounding these newly approved financial products among investors. With a substantial pre-market volume of $2 million,
IBIT’s impressive launch has prompted speculation about BlackRock’s influence in
driving this initial surge.
Meanwhile, Grayscale’s Bitcoin Trust (GBTC) entered
the pre-market trading, highlighting a gain of 2% during the early hours.
Listed on the New York Stock Exchange, GBTC added to the excitement surrounding
the launch of spot Bitcoin ETFs in the US. The approval of the applications from major companies such as BlackRock, Grayscale, and others by the US Securities and
Exchange Commission (SEC) paved the way for 11 spot Bitcoin ETFs to be listed
and traded on public exchanges.
Welcoming @iShares to the @NasdaqExchange Opening Bell. https://t.co/K9aO2FLBVs
— Nasdaq Exchange (@NasdaqExchange) January 11, 2024
Surprisingly, the price of Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term did not respond
much to the approval of the spot Bitcoin ETF. It maintained a
steady price of around $46,000. In contrast, the fake news about the
approval of the funds that surfaced after the SEC’s website was compromised
triggered a more significant spike in the price of the digital asset.
Impressive Inflows Mark Spot Bitcoin ETF Debut
IBIT stands out as it charts a course toward an
unprecedented inflow of $3 billion on its inaugural trading day, Coindesk reported, citing crypto index provider CF Benchmarks. The recently
approved fund attracted $400 million within the first half-hour of trading,
According to CF
Benchmarks, IBIT’s first 30 minutes of trading experienced an influx of $400
million, hinting at a potential record-breaking $3 billion in assets under
management by the end of the first trading day.
If achieved, this would mark the largest debut in
ETF history, underlining the demand from investors seeking regulated
avenues to invest in bitcoin. CF Benchmarks’ CEO, Sui Chung, emphasized the ripple
Ripple
Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may
Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may
Read this Term
effects of the success of IBIT. The ETF is expected to catalyze increased demand,
prompting market makers to allocate more capital to support liquidity.