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Bitcoin ETFs' terribly unsuccessful, terribly huge success

Posted on AllSides January 12th, 2024
From The Left

The first day of trading for bitcoin ETFs has been called both "terribly unsuccessful" and a "terribly huge success."

Why it matters: Judging the Day 1 impact of bitcoin's long awaited moment not only relies on a fuzzy picture, it depends on who you ask about the data.

Zoom in: Parsing the $4.5 billion-plus in total trading Thursday, roughly half took place in Grayscale's converted bitcoin trust, GBTC, CNBC's Crypto Trader host Ran Neuner tweeted just two hours after midnight.

According to Neuner, the GBTC action was "majority sales."

"Zero...

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https://www.axios.com/2024/01/12/bitcoin-etf-volumes-flows

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