Today in Markets

Mixed Reception to ETF Debut

An early BTC surge was reversed despite substantial trading volumes
Jack Inabinet Jack Inabinet Jan 11, 20241 min read
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market analysis Mixed Reception to ETF Debut

It’s the first day of spot BTC ETFs trading and Bitcoin is now more accessible than ever, but price is trending downward on the day. What gives with BTC’s lackluster performance?

Spot Bitcoin ETF trading volumes quickly crossed the $1.2B mark during the first 30 minutes of trading, with euphoria leading up to Wall Street’s open helping to propel Bitcoin to new cycle highs of $49k.

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