Bitcoin ETFs Drive Surge in U.S. Trading Volumes, Weekday Dominance
- ETFs boost Bitcoin trading volumes post-approval, especially around the US market closes.
- Weekdays saw heightened BTC trading activity, contrasting with declining weekend volumes.
- Hong Kong’s ETF impact on Bitcoin volumes was subdued compared to the US, reflecting market dynamics.
The introduction of spot Bitcoin exchange-traded funds (ETFs) in the U.S. and Hong Kong has triggered a significant shift in Bitcoin’s market dynamics, particularly in terms of trading volumes and liquidity, according to a new analysis by Kaiko.
Our latest Deep Dive is out now.
— Kaiko (@KaikoData) June 27, 2024
This week we examined the impact of BTC ETFs on the spot market structure. Check it out belowhttps://t.co/Tzc9fwZAty
The U.S. Securities and Exchange Commission’s approval of 11 BTC ETFs on January 11 marked a pivotal moment, followed by their launch the next day. Similarly, Hong Kong entered the market with approvals for Bitcoin and Ethereum ETFs in late April.
These developments have prompted a detailed analysis of how these financial products influence Bitcoin’s spot market structure. Research indicates a clear uptick in trading volumes across exchanges included i…
The post Bitcoin ETFs Drive Surge in U.S. Trading Volumes, Weekday Dominance appeared first on Coin Edition.
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Bitcoin ETFs Drive Surge in U.S. Trading Volumes, Weekday Dominance
- ETFs boost Bitcoin trading volumes post-approval, especially around the US market closes.
- Weekdays saw heightened BTC trading activity, contrasting with declining weekend volumes.
- Hong Kong’s ETF impact on Bitcoin volumes was subdued compared to the US, reflecting market dynamics.
The introduction of spot Bitcoin exchange-traded funds (ETFs) in the U.S. and Hong Kong has triggered a significant shift in Bitcoin’s market dynamics, particularly in terms of trading volumes and liquidity, according to a new analysis by Kaiko.
Our latest Deep Dive is out now.
— Kaiko (@KaikoData) June 27, 2024
This week we examined the impact of BTC ETFs on the spot market structure. Check it out below
The U.S. Securities and Exchange Commission’s approval of 11 BTC ETFs on January 11 marked a pivotal moment, followed by their launch the next day. Similarly, Hong Kong entered the market with approvals for Bitcoin and Ethereum ETFs in late April.
These developments have prompted a detailed analysis of how these financial products influence Bitcoin’s spot market structure. Research indicates a clear uptick in trading volumes across exchanges included i…
The post Bitcoin ETFs Drive Surge in U.S. Trading Volumes, Weekday Dominance appeared first on Coin Edition.
Читать больше