The approval of the first spot Bitcoin exchange-traded funds (ETF) in the United States will open the crypto market to billions of dollars of institutional capital.
According to public trading data, the total volume across the 10 approved spot Bitcoin ETFs reached more than $4.5 billion on the first day of trading on Jan. 11, 2024. Grayscale Investments’ Bitcoin ETF alone reportedly handled over $2 billion in volume.
