The launch of Bitcoin ETF trading caused the liquidation of positions worth $82.7 million
The launch of Bitcoin ETF trading on January 11 impacted the market and caused the liquidation of $82.7 million in open positions.
During the first day of trading, the value of purchased Bitcoin ETF shares exceeded $4.5 billion. The largest investment was in the iShares Bitcoin Trust (IBIT) derivative developed by BlackRock. It attracted investment worth more than $1 billion. The second place in terms of this indicator among new funds was taken by Fidelity Advantage Bitcoin ETF (FBTC) from Fidelity, in which $685 million was invested.
After the ETF was listed on trading platforms, the level of volatility in the Bitcoin rate increased. As a result of the expected pump, the price of the cryptocurrency broke through the barrier of $49,000, but did not stay above this barrier and fell sharply by 7%. As a result, the rate of the digital asset again began to fluctuate around $46,000.
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