BlackRock’s IBIT Takes the Lead in Pre-market Debut

The United States witnesses the commencement of
pre-market trading for its first-ever Bitcoin exchange-traded funds (ETFs)
today (Thursday). BlackRock’s iShares Bitcoin Trust (IBIT) takes the
lead, soaring an impressive 22.25% in pre-market trading, Cointelegraph
reported, citing data from Yahoo.

Meanwhile, Grayscale’s Bitcoin Trust (GBTC) also
entered the pre-market trading with a notable gain of 2%, reflecting the
growing interest surrounding these newly approved financial products among investors. With a substantial pre-market volume of $2 million,
IBIT’s impressive debut has prompted speculation about BlackRock’s influence in
driving this initial surge.

Meanwhile, Grayscale’s Bitcoin Trust (GBTC) entered
the pre-market trading, highlighting a gain of 2% during the early hours.
Listed on the New York Stock Exchange, GBTC adds to the excitement surrounding
the launch of Bitcoin ETFs in the US.

The approval of 19b-4 applications from major
players such as BlackRock, Grayscale, and others by the US Securities and
Exchange Commission (SEC) paved the way for 11 spot Bitcoin ETFs to be listed
and traded on public exchanges.

Surprisingly, the price of Bitcoin did not respond
much to the official approval of the first-ever spot Bitcoin ETF, maintaining a
steady position of around $46,000. In contrast, the fake news about the
approval of the funds that surfaced after the SEC’s website was compromised
triggered a more significant spike in the price of the digital asset.

Expect ongoing updates as this story evolves.

The United States witnesses the commencement of
pre-market trading for its first-ever Bitcoin exchange-traded funds (ETFs)
today (Thursday). BlackRock’s iShares Bitcoin Trust (IBIT) takes the
lead, soaring an impressive 22.25% in pre-market trading, Cointelegraph
reported, citing data from Yahoo.

Meanwhile, Grayscale’s Bitcoin Trust (GBTC) also
entered the pre-market trading with a notable gain of 2%, reflecting the
growing interest surrounding these newly approved financial products among investors. With a substantial pre-market volume of $2 million,
IBIT’s impressive debut has prompted speculation about BlackRock’s influence in
driving this initial surge.

Meanwhile, Grayscale’s Bitcoin Trust (GBTC) entered
the pre-market trading, highlighting a gain of 2% during the early hours.
Listed on the New York Stock Exchange, GBTC adds to the excitement surrounding
the launch of Bitcoin ETFs in the US.

The approval of 19b-4 applications from major
players such as BlackRock, Grayscale, and others by the US Securities and
Exchange Commission (SEC) paved the way for 11 spot Bitcoin ETFs to be listed
and traded on public exchanges.

Surprisingly, the price of Bitcoin did not respond
much to the official approval of the first-ever spot Bitcoin ETF, maintaining a
steady position of around $46,000. In contrast, the fake news about the
approval of the funds that surfaced after the SEC’s website was compromised
triggered a more significant spike in the price of the digital asset.

Expect ongoing updates as this story evolves.