BlackRock’s iShares Trust was up by 22.5% while Grayscale’s ETF was up by 2% during pre-market trading.
The first-ever spot Bitcoin exchange-traded fund (ETF) in the United States has begun trading in the pre-market, a day after the approval by the Securities and Exchange Commission (SEC).
BlackRock’s iShares Bitcoin Trust with ticker symbol IBIT started trading in the pre-market and is currently up by 22.25%, trading at $26.81.The iShares trust is listed on the Nasdaq exchange.
Apart from BlackRock, Grayscale’s Bitcoin Trust (GBTC) ETF was another spot BTC ETF to begin trading in the pre-market at press time. The GBTC shares were up by 2% during the pre-market trading hours. GBTC is listed on the New York Stock Exchange (NYSE).
