InvestAnswers Newsletter

InvestAnswers Newsletter

Share this post

InvestAnswers Newsletter
InvestAnswers Newsletter
RECAP: DAY 1
Copy link
Facebook
Email
Notes
More

RECAP: DAY 1

Who Won Day 1? Fee Wars, Slippage & Supply Crisis!

InvestAnswers's avatar
InvestAnswers
Jan 14, 2024
∙ Paid
Share

NUGGETS OF ALPHA

  • BlackRock secured 30.5% of the Bitcoin ETF trading volume, while Fidelity obtained 13.6%.

  • According to CryptoQuant, Coinbase's over-the-counter operations saw a significant trading volume of $7.7 billion.

  • Elon Musk expressed openness to the idea of utilizing Bitcoin on the X platform.

  • Vitalik Buterin suggested that Ethereum should implement a moderate gas fee increase.

  • Microsoft has surpassed Apple in market capitalization, largely due to its successful monetization of AI technology.


The previous record is $2.1B with the iShares Climate Conscious & Transition MSCI fund. If you combine the whole category of BTC ETFs, it should be near or above this record. BlackRock also stated they anticipated to take in $2B on the first day.


According to James Van Straten, today's spot ETF trading volume broke the record.

Keep reading with a 7-day free trial

Subscribe to InvestAnswers Newsletter to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 InvestAnswers
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More