Unlike the other 10 active ETFs, Grayscale’s spot Bitcoin ETF is converted from GBTC. Among all 11 Bitcoin ETFs, Valkyrie, WisdomTree, and Hashdex have the lowest trading volume, with less than $10 million in the first few hours of trading, according to The Block.
Bitcoin Hits $49K, Spot ETF's Debut Generates $4.6 Billion in First Day, GBTC Dominates Nearly Half of Trading Volume