Grayscale Leads The Pack With Early Trading Launch Of First Spot Bitcoin ETF, Outpacing Rivals
Portfolio Pulse from Benzinga Neuro
Grayscale Bitcoin Trust (GBTC) has started pre-market trading at 4 am EST, following the SEC's approval of spot Bitcoin ETFs. GBTC's early trading could provide a competitive advantage over other approved ETFs like those from Bitwise, Hashdex, iShares, Valkyrie, ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity Wise Origin, and Franklin. This regulatory shift may lead to increased institutional investment and mainstream acceptance of Bitcoin.
January 11, 2024 | 2:10 pm
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Grayscale Bitcoin Trust (GBTC) commenced pre-market trading early, which could provide it with a first-mover advantage among the newly approved spot Bitcoin ETFs, potentially attracting early investors.
GBTC's early start in pre-market trading following the SEC's approval of spot Bitcoin ETFs could attract investors looking for the first-mover in this new market segment, likely increasing demand for GBTC shares in the short term.
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