Bitcoin ETFs surpass $4B in trade volume while BTC’s price falters 

Spot bitcoin ETFs made their public market debut in the US Thursday, raking in more than $4 billion in trading volume and sending cryptocurrency prices and related stocks all over the map. 

Bitcoin (BTC) hovered around $46,400 at the close, down about 5% from its Thursday high where it briefly topped $49,000 just after the new 11 ETFs hit the market. 

The largest cryptocurrency remains up 10% since the start of the year. 

BlackRock’s IBIT emerged as the winner in terms of day-one trading volume, surpassing $1 billion just before the close Thursday. Shares ended the day around 5% lower, at $26.63, but were trading flat in after-hours. 

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