"Debut of Bitcoin ETFs Sparks Market Volatility and Top Volume Rankings"
TL;DR
On the first trading day of U.S. exchange-traded funds holding the largest digital currency, Bitcoin and crypto stocks experienced mixed performance, with Bitcoin rising 1% to near $45,000 after initially surging to about $49,000. Ether also saw a 7% jump to about $2,600. However, Bitcoin mining stocks fell, and crypto exchange Coinbase Global, which serves as the bitcoin custodian for eight of the 11 funds, fell 7%, while MicroStrategy, a bitcoin-buying software intelligence firm, was down 6%.
Topics:businesscryptocurrency#bitcoin#coinbase-global#crypto-stocks#cryptocurrency#etf#microstrategy
- Bitcoin, Crypto Stocks Waver on First Spot Bitcoin ETF Trading Day The Wall Street Journal
- MLIV QOD: Are You Buying Bitcoin ETFs Today? Bloomberg Television
- Look Out For Wide Spreads on Some Bitcoin ETFs The Wall Street Journal
- Bitcoin ETFs Are Here for Real Bloomberg
- Grayscale, BlackRock Top Bitcoin ETF Volume Ranking as Products Debut Yahoo Finance
Want the full story? Read the original reporting
Read on The Wall Street Journal