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January 11, 2024Markets & financeLaunches & foundingsdocumented

U.S. spot Bitcoin ETPs begin trading

New spot Bitcoin products began trading on Nasdaq, NYSE Arca, and Cboe alongside Grayscale's converted trust.

The group generated about $4.6 billion in first-day trading volume, with substantial flows and transfers between products. Authorized participants created and redeemed shares while custodians held the underlying bitcoin.