Eleven spot bitcoin ETFs surged out of the gate
TGIF!
Eleven spot bitcoin ETFs surged out of the gate as they hit the market Thursday morning. Total trading volumes for BlackRock, Fidelity and Grayscale products exceeded $1 billion in the first 30 minutes of trade, according to market data crunched by Blockworks.
Meanwhile, JP Morgan CEO and longtime Bitcoin critic Jamie Dimon again came out against the number one digital currency, reiterating his stance that it is a tool for criminals and tax evasion.
“The actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing,” Dimon said. “I’ve always said Bitcoin doesn’t have value.”
Despite Dimon’s long-time campaign against Bitcoin, global investment giant BlackRock named JP Morgan as an active participant in its pending ETF filing with the SEC, according to a report by Bloomberg.
I guess time will tell...
A quick reminder about Papaya’s upcoming webinar on January 17th at 4:30 PM BST | 11:30 AM EST. I understand how overwhelming it can be to handle payroll manually each month, but there's a better way, and there's still time to join this webinar and discover it.
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Have a great weekend and I’ll be back on Monday!
Cheers,
Marcel
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