Spot Bitcoin ETF trading volume breaks above $4 billion on first day

Bitcoin witnessed a significant fluctuation, soaring to over $49,000 before stabilizing near $46,000 by the evening. This development, however, was overshadowed by the performance of newly launched Exchange Traded Funds (ETFs) on Wall Street. Following Wednesday's approval from the Securities and Exchange Commission (SEC), the first 11 ETFs related to Bitcoin made their debut. By the end of the trading day, the combined value of these ETFs neared $4 billion, marking a record-setting launch for thematic ETFs on Wall Street. This event signifies a growing interest and investment in cryptocurrency-related financial products among mainstream investors.