Bitcoin ETFs Begin Trading: Tracking The Price Action

Author: Adam Eckert | January 11, 2024 11:58am

The Securities and Exchange Commission approved rule changes this week clearing the way for several Bitcoin (CRYPTO: BTC) ETFs to begin trading. The newly approved ETFs are off to a hot start Thursday morning as the price of Bitcoin surges.

What To Know: The SEC approved 11 bitcoin ETFs for trading late Wednesday. The long-awaited approval comes after the SEC delayed its decision multiple times, asking for changes to be made to applications. The rally in the crypto space in anticipation of approval created expectations for a selloff on the actual news, but the crypto market continues to trend higher.

Here’s a look at early price action of all of the spot bitcoin ETFs that began trading on Thursday:

• ARK 21Shares Bitcoin ETF (BATS:ARKB) has a daily range of $48.25 to $52.22. It was hovering around $50.85 at last check.
• Bitwise Bitcoin ETF (NYSE:BITB) was up 10.89% at $27.71.
• iShares Bitcoin Trust (NASDAQ:IBIT) was up 3.76% at $29.01.
• Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) has a daily range of $41.99 to $50.70. It was trading around $43.71 at last check.
• Franklin Bitcoin ETF (BATS:EZBC) has a daily range of $27.91 to $28.83. It was trading at $28.64 at publication time.
• Grayscale Bitcoin Trust (NYSE:GBTC) was up 5.39% at $42.70.
• Hashdex Bitcoin Futures ETF (NYSE:DEFI) was up 8.41% at $59.85.
• Invesco Galaxy Bitcoin ETF (BATS:BTCO) has a daily range of $47.66 to $50.09. It was trading at $49.02 at the time of writing.
• Valkyrie Bitcoin Fund (NASDAQ:BRRR) has a daily range of $13.60 to $14.90. It was trading at $14.10 at the time of publication.
• VanEck Bitcoin Trust (BATS:HODL) has a daily range of $55 to $56.42. It was trading at $55.75 at last check.
• WisdomTree Bitcoin Fund (BATS:BTCW) has a daily range of $50.81 to $53.07. It was trading $52.52 at the time of publication.

Read Next: Great Place For Your ‘Lottery Ticket Money’, Says Edward Jones’ Strategist On Bitcoin ETF Investments

Photo: Miloslav Hamřík from Pixabay.

Posted In: $BTC ARKB BITB BRRR BTCO BTCW DEFI EZBC FBTC GBTC HODL IBIT