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The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
The First 5 Days
The Bitcoin spot ETF launch was one for the history books. By all accounts, it was the largest launch of an ETF product in history, beating out the previous record set by the Proshares Bitcoin Strategy ETF (BITO) launch in October 2021. First-day trading volume was huge at $4.6 billion, and it has remained relatively strong compared to typical post-launch declines of other products. We can…
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