Spot Bitcoin ETFs topped $4.5 billion in trading volume on the first day of trading, but one of the issuers has clarified it hasn’t yet made the cut.

The first day of trading for a suite of new Bitcoin BTC tickers down $46,187 exchange-traded funds (ETFs) has gone off with a bang, with BlackRock, Grayscale, and Fidelity’s ETFs coming out on top in total volumes. One issuer, however, didn't get to start as expected.

Aggregated data from Yahoo Finance, compiled by Cointelegraph, shows that the total volume across ten of the spot Bitcoin ETFs reached more than $4.5 billion in total volume for day one trading.

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), was the top performer of the newly-listed funds, handling just over $1 billion in volume — 22% of the group's total volume — per Yahoo Finance data.

Following close behind was Fidelity’s spot Bitcoin ETF — FBTC — which witnessed some $685 million in day one trading volume.

Grayscale’s Bitcoin ETF, which trades under the ticker GBTC, notched $2.2 billion in total volume. The investment vehicle is a conversion of its pre-existing Grayscale Bitcoin Trust.

Hashdex missed the opportunity to be counted among spot Bitcoin ETFs for the day. While the SEC approved Hashdex's 19b-4 filing — which would allow its spot ETF product to be listed on U.S. stock exchanges — the SEC did not make its S-1 form effective, meaning that Hashdex's "DEFI" fund is still only trading as a futures-based ETF. The company also issued a corrected statement noting the fund did not yet hold any spot Bitcoin in its portfolio.

It’s important to note that trading volume includes inflows and outflows and doesn’t paint a full picture of how much of the day’s trading activity was buying versus selling.

Source - Coin Telegraph