Bitcoin spot ETF trading volume surpasses $1.6B within minutes of launch

Pinpointing exact volume is difficult at the time of launch as trade volume is currently a moving target.

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Bitcoin spot exchange-traded funds (ETFs) were off to a remarkable start as trading officially began on Jan. 11 with a total volume of around $1.6 billion just minutes after the opening bell. 

The movement comes on the heels of the United States Securities and Exchange Commission's approval of the first Bitcoin spot ETFs.

Related: Bitcoin ETFs begin trading on Cboe, NYSE Arca and Nasdaq

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