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March 3, 2024
PI Global Investments

Bitcoin ETFs begin trading on U.S. exchanges, posting gains on first day as crypto prices rise

CFOTO | Future Publishing | Getty Images

Bitcoin ETFs rose on their first day of trading on Thursday, moving higher along with crypto prices more broadly.

In early trading, the Grayscale Bitcoin Trust (GBTC) rose nearly 6%, while the iShares Bitcoin Trust (IBIT) jumped more than 4%. Both funds saw millions of shares of trading volume within the first 10 minutes of the trading session.

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