Spot Bitcoin ETFs record notable volume on day 1 — BTC price nearly hits $49K

Markets react positively to the first trading day for spot BTC ETFs, with Bitcoin rallying close to $49,000 and ETH hitting a 12-month high.

After eagerly waiting for nearly 10 years, traders finally saw the first-ever spot Bitcoin ETF approved by the United States Securities and Exchange Commission on Jan. 10 and ETF trading began at the opening bell on less than 24-hours later.

BlackRock's iShares Bitcoin Trust (IBIT), Grayscale Bitcoin Trust (GBTC), Valkyrie Bitcoin Fund (BRRR), Bitwise (BITB) and ARK 21Shares Bitcoin ETF, among others, have begun trading.

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