The Bitcoin ETF Cointucky Derby saw a trading volume of over $4.6 billion on its first day, with GBTC accounting for about half of that

2024-01-12 08:15:16

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ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on X platform that the total trading volume of the Bitcoin ETF Cointucky Derby on its first day exceeded $4.6 billion, with GBTC accounting for about half.

Seyffart noted that it is easy to associate a significant portion of this trading volume with selling GBTC and temporarily buying other ETFs.

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