![Bitcoin Price (BTC) Falls Despite Bitcoin ETF Launch Stephen Alpher](https://btcusa.com/wp-content/uploads/2024/01/Bitcoin-Price-BTC-Falls-Despite-Bitcoin-ETF-Launch-678x381.jpg)
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A number of spot bitcoin ETFs began trading on Jan. 11, with bitcoin surging to $49,000 in the minutes after their launch. The rise was fleeting though, and the price has been heading south since, finally falling through $40,000 moments ago. Bitcoin is now at its weakest price since the beginning of December, but still more than a double from year-ago levels.
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