Jan 11, 2024

As the first batch of spot bitcoin ETFs started trading, Grayscale Investments Chief Legal Officer Craig Salm revealed GBTC's trading volume the first day after the Securities and Exchange Commission (SEC) green-lit the product in the U.S.

Video transcript

Now that we saw the first trades today starting at 4 a.m. and then continuing through the opening bell. Right now we've seen last, I checked over $600 million of volume just in G BT C. That's the amount of volume that we saw yesterday over the full course of day of trading. I'm here at that nice. The ARCA watching it all happen live. So it's really cool just to be here with the gray scale team and see the first day of trading happen. It's really the combination of a lot of hard work amongst gray scale, amongst all the teams here.

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