Bitcoin hits $49K, spot ETF records $4.6 billion on its first day, GBTC accounts for nearly half of the trading volume.

Unlike the other 10 active ETFs, Grayscale’s spot Bitcoin ETF is converted from GBTC, and among all 11 Bitcoin ETFs, the lowest trading volumes during the first few hours of trading are Valkyrie, WisdomTree, and Hashdex, with all volumes below 10 million dollars, as reported by The Block.