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.
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
Bitcoin is now more accessible than ever, but price is trending downward on the day. What gives with BTC’s lackluster performance?
