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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