BlackRock’s iShares Trust was up 22.5%, while Grayscale’s ETF was up 2% during pre-market trading.
The first-ever spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States has started trading in the pre-market a day after its approval by the U.S. Securities and Exchange Commission (SEC).
BlackRock’s iShares Bitcoin Trust, with the ticker symbol IBIT, started trading in the pre-market and is currently up 22.25%, trading at $26.81. The iShares trust is listed on the Nasdaq exchange.
At the time of writing, IBIT had traded a significant volume of $2 million worth of shares in the pre-market, highlighted Bloomberg senior ETF analyst Eric Balchunas. He added that such a high volume would be a great first full day for an average ETF but also cautioned that this initial volume may be BlackRock driven.
