The debut of spot Bitcoin (CRYPTO: BTC) exchange-traded Funds (ETFs) in the U.S. marked a historic day in the cryptocurrency market, with the first day bringing $4.5 billion in trading volumes. This figure includes significant contributions from the Grayscale Bitcoin Trust (OTC: GBTC), which accounted for about half of these volumes, and a new fund by BlackRock Inc. (NYSE: BLK), which saw roughly a quarter. Grayscale’s Dominance And Market Dynamics: Grayscale, having cleared to convert to an ETF, played a pivotal role in the day’s trading dynamics. The high trading figures from GBTC suggest a …

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