The US Bitcoin ETF market is once again buzzing with activity as Hong Kong gears up to start trading its spot Bitcoin ETFs from April 30. On Wednesday, April 24, the spot Bitcoin ETFs registered net outflows of $120 million while the trading volumes touched a four-week high.
Bitcoin ETF Volume Nears $4 Billion
According to recent data from on-chain analytics firm Santiment, Bitcoin exchange-traded fund (ETF) volume has surged, hitting its highest daily total in the last four weeks at $3.62 billion. This increase in activity encompasses various ETFs including $GBTC, $IBIT, $FBTC, $ARKB, $BTCO, and $HODL.
Amidst the cryptocurrency markets experiencing unpredictable sideways movement over the past five weeks, analysts view the robust performance of these ETFs as a positive indicator for the broader cryptocurrency sector.
Courtesy: Santiment
The Net Flows Turn Negative Again
The net flows into spot BTC ETFs have returned to negative territory once again. Yesterday, Bitcoin spot ETFs saw si
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