Shares of the Bitcoin ETF offered by BlackRock rose roughly 22% in some pre-market activity, trading at $28.64 at the time of publication.
Circle did not reveal the number of shares it plans to sell nor the proposed price range for the assets.
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Applications for the spot Bitcoin ETF got full approval from the SEC on Jan. 10 and started trading on Jan. 11.
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BlackRock’s iShares Trust was up by 22.5% while Grayscale’s ETF was up by 2% during pre-market trading.