The U.S. has debuted its first spot Bitcoin ETF, seeing an uptick in pre-market trading following its approval by the SEC. BlackRock's iShares Bitcoin Trust (IBIT) has shown a notable increase, up 22.25% and trading at $26.81 on the Nasdaq exchange.

In pre-market trading, IBIT witnessed a substantial $2 million in share volume. Bloomberg's senior ETF analyst, Eric Balchunas, remarked that this volume is impressive for an average ETF's full first day but also noted the possibility of BlackRock's involvement in driving this initial volume.

Additionally, Grayscale’s GBTC ETF, listed on the New York Stock Exchange, also participated in pre-market trading, with a 2% increase.

Pre-market trading allows for the exchange of assets before regular market hours, typically occurring between 8:00 am and 9:30 am Eastern Time. This trading period often gives indications of market performance after the official opening.

The SEC's approval of 19b-4 applications from various firms including ARK 21 Shares, Invesco Galaxy, and Grayscale allows their spot Bitcoin ETFs to be traded on public exchanges. Official trading for all 11 approved ETFs will begin on January 11.

Despite the Bitcoin price remaining relatively stable around $46,000 before and after the ETF approval, there is anticipation for increased market activity once official trading starts. Analysts predict a significant influx of capital into these ETFs, potentially influencing Bitcoin's price, which currently hovers above $46,500 just hours before trading commences.

Cointelegraph