Trading of American Bitcoin (ABTC) shares was halted five times on its debut day due to extreme price volatility, with a surge of 85% during intraday trading, reaching a peak of $14 per share. The Nasdaq Exchange initiated the first halt at 3:09:35 UTC, followed by subsequent halts as the trading frenzy continued. After the latest pause, shares resumed trading at approximately $9.80. The launch reflects a growing interest on Wall Street for digital asset firms, highlighting a shift in institutional investment towards the crypto sector. American Bitcoin went public through an all-stock merger with Gryphon, aimed at providing a quicker access to U.S. markets for Trump's family company. The trend of crypto companies going public via mergers, especially through SPACs, is gaining traction among digital asset firms, as this method circumvents the lengthy IPO process.

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