empty
11.01.2024 10:10 PM
Bitcoin: Spot ETF Transaction Volume Exceeds $1 Billion in First Minutes of Trading

The eagerly awaited Bitcoin Spot ETFs began trading on U.S. stock exchanges on Thursday, with their transaction volume exceeding $1 billion. Against this backdrop, the price of Bitcoin surpassed $48,000.

According to recent data, the transaction volume in Bitcoin Spot ETFs surpassed $2.3 billion. Bloomberg ETF analyst Eric Balchunas remarked on the launch results, noting that within just 20 minutes of trading, the volume was significantly high, "with half a billion traded within the group (including GBTC), led by IBIT (close to passing $1 billion) and FBTC (far surpassing BITO)." He also noted that "almost all the volume in the first few days will turn into inflows."

Bloomberg analyst James Seyffart reported that in the first 30 minutes of opening, the transaction volume of the BTC ETF spot group exceeded $1.2 billion, of which GBTC reached 446 million, IBIT — 389 million, and FBTC — 230 million.

This image is no longer relevant

How the Approval of Bitcoin Spot ETFs Will Affect the Market in the Long Term

Currently, the market is experiencing euphoria over the long-awaited approval. But economists are looking ahead, assessing the potential long-term impact on the price of BTC of this landmark event.

Some of them believe that this approval will be a serious demand shock in the market, occurring several months before the recurring supply shock of Bitcoin - the halving expected in April 2024. When a halving occurs, the rewards received by miners are cut by 50%.

Against this background, Bitcoin miners represent an attractive investment opportunity for investors looking for a way to access this long-term deal on the implementation of Bitcoin, thanks to its borrowed growth potential and theoretical risk hedging. Spot ETFs could bring "significant profit" and have a positive impact on the valuation of Bitcoin miners.

In this context, the approval of spot ETFs is a historic moment for Bitcoin and miners, as ETFs offer both retail and institutional investors a familiar and regulated investment tool, significantly expanding access to the main cryptocurrency.

Analyst Mike Colonnese believes that "many institutional and retail investors interested in BTC lack either the desire or the ability to invest directly in BTC, considering the nuances of requirements for acquiring digital assets." He also conveyed an expectation of a considerable rise in the demand for BTC, facilitated by these recently approved spot ETFs.

Capital to flood the cryptocurrency market

The next 24 months will be extremely interesting for the cryptocurrency industry, as evidenced by intense speculation from global investors. The approval of eleven Bitcoin Spot ETFs in the United States has opened the gates for billions of dollars to flow into the cryptocurrency market, thereby improving existing liquidity.

Moreover, any investor can now seamlessly use Bitcoin through traditional stock exchanges, with liquidity provided by traditional financial institutions and other authoritative market makers.

Well-known crypto influencer Michael van de Poppe noted that the approval of Spot Bitcoin ETFs in the U.S. significantly increased trust in the cryptocurrency market, leading to various models of macro price forecasts.

Against this backdrop, the price of Bitcoin could reach $600,000 during this bullish cycle. As a result, the analyst emphasized that investors should use a potential drop to the range of $36,000 to $40,000 in the short term to accumulate positions.

A similar bullish forecast was made by popular crypto analyst PlanB, using his S2F model. Notably, the crypto analyst expects that by the end of 2025, the price of Bitcoin will reach $532,000.

It's also worth noting that the altcoin market will also significantly benefit from the expected growth of Bitcoin in the coming quarters, as it will provide much-needed liquidity.

As a result, Bitcoin's dominance will continue to fall over the next two years, possibly dropping below 30 percent. Moreover, the emergence of first-tier blockchains that support smart contracts and web3 protocols is attracting more investors to the cryptocurrency industry.

Ekaterina Kiseleva,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ekaterina Kiseleva
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Recomendações de negociação para o mercado de criptomoedas em 7 de agosto

O Bitcoin permanece em um canal lateral recém-formado, mais uma vez tentando ontem ultrapassar o nível de 115.500. O Ethereum também mostra resistência, o que é confirmado pelas métricas

Miroslaw Bawulski 16:06 2025-08-07 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 6 de agosto

O Bitcoin continua a ser negociado dentro de um novo canal lateral, e sua incapacidade de se manter acima de US$ 115.000 indica uma alta probabilidade de correção contínua. Outra

Miroslaw Bawulski 17:34 2025-08-06 UTC+2

A SEC não considera mais a oferta ou venda de títulos como staking

O Bitcoin está atingindo mínimos com mais frequência do que máximos locais. Cada grande alta é seguida por vendas lentas e constantes, um padrão que sugere que uma correção mais

Jakub Novak 14:13 2025-08-06 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 5 de agosto

O fracasso de ontem em ultrapassar o nível de US$ 115.000 — mesmo em meio a uma forte correção observada na segunda metade do dia — sugere que a queda

Miroslaw Bawulski 17:27 2025-08-05 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 4 de agosto

O Bitcoin e o Ethereum começaram o mês de agosto com uma nota bastante negativa. Após uma queda acentuada no mercado de ações dos EUA na última sexta-feira, o mercado

Miroslaw Bawulski 18:19 2025-08-04 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 1º de agosto

O Bitcoin e o Ethereum registraram uma queda expressiva, encerrando o mês com lucros. Apesar da correção, julho foi bastante positivo, especialmente para o Ethereum, que teve um aumento

Miroslaw Bawulski 18:08 2025-08-01 UTC+2

O Cardano continuará sua queda e atingirá seu nível de suporte mais próximo? Sexta-feira, 01 de agosto de 2025.

Cardano – Sexta-feira, 01 de agosto de 2025. Com a EMA (5) abaixo da EMA (200) e o indicador RSI (14) em níveis extremos de baixa, o Cardano tem potencial

Arief Makmur 16:42 2025-08-01 UTC+2

O Polkadot poderia continuar sua trajetória até seu nível de suporte? Sexta-feira, 01 de agosto de 2025

Polkadot – Sexta-feira, 01 de agosto de 2025. Os vendedores estão bastante dominantes na criptomoeda Polkadot, conforme confirmado pela posição de Cruz da Morte das EMAs e pelo indicador RSI(14)

Arief Makmur 16:37 2025-08-01 UTC+2

Bitcoin cai para cerca de US$ 114.300, enquanto Ethereum testa US$ 3.615

O início do novo mês tem sido relativamente tranquilo, considerando que, no início desta semana, o Bitcoin estava sendo negociado próximo dos US$ 120.000. Agora, é crucial observar

Jakub Novak 16:12 2025-08-01 UTC+2

Recomendações de negociação para o mercado de criptomoeda em 31 de julho

Após uma sólida retração para cerca de US$ 116.000 ontem, o Bitcoin está novamente sendo negociado a US$ 118.200 hoje, sinalizando uma demanda contínua. O Ethereum também recuperou todas

Miroslaw Bawulski 17:17 2025-07-31 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.