Bloomberg Analyst: GDLC and Other New Crypto ETFs Show Strong First-Day Trading Performance, All Exceeding Market Average Trading Volume
According to Jinse Finance, data released by Bloomberg analyst Eric Balchunas shows that several newly approved cryptocurrency ETFs posted strong trading volumes on their first day of listing. Among them: the first basket spot crypto ETF $GDLC recorded a trading volume of $22 million; Dogecoin ETF $DOJE had a trading volume of $12 million; and Ripple ETF $XRPR reached $15 million. Analysts noted that although the first-day trading volumes of these three products were far below the record-breaking performance of previous bitcoin ETFs, they still significantly exceeded the average first-day trading volume of US ETF products, indicating a solid overall start. This performance reflects the ongoing market demand for diversified crypto asset ETF products, and issuers are expected to further expand their product matrices as a result.
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