Spot-Bitcoin ETFs Drive Unprecedented Trading Volumes During US Hours
Wednesday, 22 May 2024, 05:44
Impact of Spot-Bitcoin ETFs on Trading Volumes
Bitcoin trading during US market hours soared due to the debut of spot-Bitcoin ETFs, resulting in a substantial increase in total trading volume.
US Dominance in Bitcoin Trading
US trading hours exhibit a surge in Bitcoin volume, while Asia lags behind, showcasing the growing influence of the US on Bitcoin market dynamics.
Performance of Bitcoin ETFs
The launch of spot-Bitcoin ETFs led to remarkable net inflows of $13 billion, marking a significant success in the industry despite recent fluctuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.