Quick Take
The Bitcoin market witnessed a notable movement as Bitcoin’s value breached the $49,000 mark, indicating a 4% increase within the past 24 hours. Currently, Bitcoin is trading at $48,500.
This surge aligns with the dynamic shift in the global financial landscape, where digital currencies are playing a more prominent role. Concurrently, the spot ETF’s total trading volume soared, hitting $2.3 billion within the opening 20 minutes of trading, according to @tier10k.
That is a new record for an ETF on opening day.
Looking at IBIT, the BlackRock spot ETF, over 10 million shares have been traded in the first twenty minutes of trading. Currently trading at $29 a share, up 3%.
The post Bitcoin surges to $49,000 as spot ETF trading volume hits $2.3B, setting new opening day record appeared first on CryptoSlate.