BlackRock spot Bitcoin ETF sees promising pre-market trading activity

Quick Take

The pre-market trading landscape reveals a promising start for IBIT, BlackRock spot Bitcoin ETF. With pre-market trading in full swing on WeBull, volume has surged to 41,000, indicating increased investor activity.

Notably, the order book predominates bids over asks, indicative of a tilt towards buying rather than selling. BlackRock has 400k shares outstanding, so they’ve done almost 10% in volume before the market opened.

Bitcoin mining stocks demonstrate a similar upward momentum pre-market, underlining an augmented demand. Notable mentions include TeraWulf, with a 9% increase, and IREN and Marathon Digital Holdings, recording a 4% escalation. This coordinated rise in Bitcoin and associated stocks may highlight a broader trend of growing investor confidence in the digital currency sector.

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