Investors and financial advisors are closely monitoring the performance of bitcoin ETFs, including the Grayscale Bitcoin Trust (GBTC) and the iShares Bitcoin Trust (IBIT). These ETFs experienced significant trading volume in the first 10 minutes of the trading session. On their first day of trading, both funds saw price swings mirroring the volatility of the broader crypto market. The GBTC rose nearly 3% while the IBIT fell over 3%. There are 11 funds expected to trade on Thursday, with the Grayscale fund being the largest. Investors will be paying attention to how well these ETFs track the price of bitcoin and their trading volume. The success of the funds could also be influenced by the fees and potential temporary waivers offered by fund issuers.
