First spot Bitcoin ETF in US begins trading in pre-market with double-digit gains
BlackRock’s iShares Trust was up 22.5%, while Grayscale’s ETF was up 2% during pre-market trading.
The first-ever spot Bitcoin BTC$47,014 exchange-traded fund (ETF) in the United States has started trading in the pre-market a day after its approval by the U.S. Securities and Exchange Commission (SEC).
BlackRock’s iShares Bitcoin Trust with ticker symbol IBIT started trading in the pre-market and is currently up by 22.25%, trading at $26.81.The iShares trust is listed on the Nasdaq exchange.
At the time of writing, IBIT had traded $2 million worth of shares in the pre-market, a significant trading volume, pointed out Bloomberg senior ETF analyst Eric Balchunas.
He added that such a high volume would be a great first full day for a normal ETF but also cautioned that this initial volume may be BlackRock orchestrated.
