SEC has finally approved 11 spot Bitcoin ETFs

After many tribulations, the day has come for SEC to finally approve the spot Bitcoin ETFs.

These are the 11 approved spot Bitcoin ETFs:

1. Grayscale Bitcoin Trust ETF
2. Bitwise Bitcoin ETF
3. Hashdex Bitcoin ETF
4. iShares Bitcoin ETF
5. Valkyrie Bitcoin ETF
6. ARK 21Shares ETF
7. Galaxy Bitcoin ETF
8. VanEck Bitcoin ETF
9. WisdomTree Bitcoin ETF
10. Fidelity Wise Bitcoin ETF
11. Franklin Bitcoin ETF

Statement from the official SEC website:
https://www.sec.gov/news/statement/g...bitcoin-011023

Spot Bitcoin ETFs had over $4.6 billion in trading volume on the opening day

Top 5 in trading volume:
1. Grayscale
2. BlackRock
3. Fidelity
4. ARK
5. BitWise

Half of this volume was from Grayscale Bitcoin Trust BTC ($2.3 billion).

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Flow numbers for day 1 of the spot Bitcoin ETFs

Bitwise has $237m of inflows.
Fidelity has $227m of inflows.
BlackRock has $111m of inflows.
Grayscale is the only one with $95m of outflows.

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In terms of assets, Grayscale is leading, followed by Fidelity and Bitwise.

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Day 2 of spot Bitcoin ETFs had $3.1 billion in trading volume

Grayscale, BlackRock and Fidelity are still leading the pack.
This brings the total trading volume for the first two days to nearly $7.9 billion.

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