Every firm sets its own initial price. It’s arbitrary – just like an IPO. It’s irrelevant and should be ignored. There’s no impact on their performance.

That said, I could envision on way the price: behavioral finance. If an investor favors the lowest price of the 11, or the highest, they might choose that ETF over the others. But that would merely affect the flows of the ETF, not the price of bitcoin. Again, I’d ignore this stat.