Institutional Primer: The Impact Of The First US Spot Bitcoin ETFs

Our latest report examines the market impact following the SEC's approval of a spot Bitcoin ETF, from the immediate market reaction to the broader implications for the digital asset sector.

  • January 12, 2024

Report Summary

CCData's report delves into the aftermath of the SEC's approval of a spot Bitcoin ETF, highlighting the significant first-day trading volume and the shifting investment landscape in the cryptocurrency market.

Key Findings

  • The 11 spot Bitcoin ETFs traded an aggregate volume of $4.37bn on the first day since their launch.
  • Based on the latest provisional data at the time of writing, Bitwise had the largest inflows among the spot Bitcoin ETFs.
  • Speculation on the impact of spot Bitcoin ETF continues to ramp on institutional venues with ProShares BITO recording nearly $2bn in volumes.
  • Historical data from the launch of the first gold ETF in the US in November 2004 provides insights into a potential Bitcoin ETF's impact.
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