Bitcoin ETFs Day 1 analysis:
- 11 Bitcoin ETFs listed
- 700,000+ individual trades
- $4.6B in total volume
- Grayscale over $2B (much was conversion)
- BlackRock, Fidelity, ARK over $1B
- 5 issuers (in total) over $100m
Of note:
- Coinbase did $7B in #bitcoin OTC
- Vanguard bans all BTC ETFs from their platform
Conclusion:
"Easily the biggest Day One splash in ETF history."
- Bloomberg Senior ETF Analyst
@EricBalchunas