Grayscale Chief Legal Officer: Trading volume exceeded US$600 million on the first day after ETF approval

Bitget App

Trade smarter

Bitget

News

Cointime2024/01/12 07:56

By:Cointime

Craig Salm, the Chief Legal Officer of Grayscale Investments, stated in an interview that after the spot Bitcoin ETF was approved, the first transaction began at 4:00 am and continued until the market opened. He found that the latest GBTC trading volume exceeded $600 million, which was their entire trading volume from yesterday. Craig Salm said he was watching the real-time trading at NYSE Arca and said, "It's really cool to witness the first day of spot Bitcoin ETF trading with the Grayscale team. It is the culmination of the hard work of all the Grayscale teams."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14