OBTC - Bitcoin Volatility Has Already Been Changing
2024-02-06 01:30:00 ET
Summary
- January 11, 2024, was a historic day within the exchange-traded fund (ETF) industry, as it marked the first time ETFs tracking the spot price of bitcoin were allowed to trade.
- The competitive forces of how many launches come at once brought down execution costs, as a number of firms, including WisdomTree, waived management fees to zero for the first six months.
- The market itself has been maturing, prices and market cap have been rising, and more participants trading and investing, which have all brought down the volatility.
By Christopher Gannatti, CFA, Global Head of Research and Spectra Markets
January 11, 2024, was a historic day within the exchange-traded fund ((ETF)) industry, as it marked the first time ETFs tracking the spot price of bitcoin were allowed to trade....
Bitcoin Volatility Has Already Been Changing