Grayscale, Invesco/Galaxy Lead as Bitcoin ETFs Debut; BlackRock’s Fund Is in 6th Place

January 11, 2024
The Last Cryptocurency
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Bitcoin ETFs have been eagerly anticipated for years. They finally got approved in the U.S. on Wednesday and began trading Thursday. As of 10 a.m. ET (15:00 UTC) on Thursday, here is a ranking of the 11 funds by first-day trading volume.

ETF	First-day trading volume (in U.S. dollars)
Grayscale Bitcoin Trust (GBTC)	$532 million
Invesco Galaxy Bitcoin ETF (BTCO)	$531 million
Fidelity Wise Origin Bitcoin Trust (FBTC)	$481 million
Hashdex Bitcoin ETF (DEFI)	$452 million
WisdomTree Bitcoin Fund (BTCW)	$447 million
BlackRock’s iShares Bitcoin Trust (IBIT)	$361 million
ARK 21Shares Bitcoin ETF (ARKB)	$272 million
Bitwise Bitcoin ETF (BITB)	$175 million
Valkyrie Bitcoin Fund (BRRR)	$170 million
Franklin Bitcoin ETF (EZBC)	$154 million
VanEck Bitcoin Trust (HODL)	$58 million

There’s no doubt crypto ETFs have made a splash since their U.S. debut earlier this year, with potentially record-breaking growth. In today’s issue, Leo Mindyuk, CEO of ML Tech, looks at the differences between investing in crypto via Separately Managed Accounts (SMAs) and ETFs. Then, CoinDesk Indices Kim Greenberg Klemballa answers questions about SMA ownership

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