Grayscale GDLC records $22 million in trading volume on first day… XRP and Dogecoin ETFs also perform well
Suehyeon Lee
Summary
- Grayscale GDLC, the United States' first multi-cryptocurrency spot exchange-traded fund (ETF), recorded $22 million in trading volume on its first day.
- The Dogecoin spot ETF recorded $12 million, and the XRP spot ETF recorded $15 million in trading volume.
- These results are well above the average ETF launch and could have a positive impact on the market.
The United States' first multi-cryptocurrency spot exchange-traded fund (ETF), the Grayscale Digital Large-Cap Fund (GDLC), and spot ETFs for XRP and Dogecoin (DOGE) posted respectable results from their first day of trading.
On the 20th (local time), Eric Balchunas, a Bloomberg analyst, said on X, "Grayscale GDLC recorded $22 million in trading volume on its first day. The Dogecoin spot ETF 'DOJE' recorded $12 million, and the XRP spot ETF 'XRPR' recorded $15 million in trading."
He added, "This is well above the average ETF launch performance; while it is smaller in scale than the Bitcoin spot ETF, it is an encouraging result for a new issuer."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Market] Bitcoin slips below $75,000…Ethereum also falls under $2,200](https://media.bloomingbit.io/PROD/news/eaf0aaad-fee0-4635-9b67-5b598bf948cd.webp?w=250)
![[Today’s Key Economic & Crypto Calendar] US January Manufacturing PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)