Investors and financial advisors are closely watching the performance of bitcoin ETFs. The Grayscale Bitcoin Trust (GBTC) and iShares Bitcoin Trust (IBIT) saw significant trading volume within the first 10 minutes of trading. On their first day, the bitcoin ETFs experienced volatile swings, reflecting the wider fluctuations in crypto prices. In mid-morning trading, GBTC rose approximately 3%, while IBIT initially rose but later fell over 3%. These two are among the first of the 11 funds expected to trade. The success of the ETFs will be determined by their ability to track bitcoin’s price and their trading volume.
