The asset’s immediate growth was 22.5% and this ETF is trading at $26.81. The total amount of IBIT shares on the morning and afternoon of January 11 was approximately $2 million.
According to Bloomberg senior ETF analyst Eric Balchunas, “this much volume would be a great first full day for the average ETF.” But he also cautioned that this initial volume could be driven by BlackRock.
Source: Ferra
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