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. The U.S. Securities and Exchange Commission’s approval of 11 BTC ETFs on January 11 marked a pivotal […]
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- 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.
This week we examined the impact of BTC ETFs on the spot market structure. Check it out below
https://t.co/Tzc9fwZAty
— Kaiko (@KaikoData) June 27, 2024
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.
