Bitcoin ETF Volume Surges Over $1.3B Amid Bitcoin Bargain Hunt
bitcoin exchange-traded funds (bitcoin ETF) have seen a surge in trading volumes surpassing $1 billion on August 5, amidst a significant downturn in the cryptocurrency market This spike in trading activity, particularly in bitcoin ETFs, has been a focal point of interest in the market, as noted by Alex Thorn, the head of research at Galaxy Digital Heightened Trading Activities Driven by bitcoin ETFs Within just a brief 20-minute trading period on August 5, bitcoin ETFs recorded an astonishing $1 3 billion in trading volume Thorn believes that these ETFs will continue to attract net inflows, as investors look to leverage the approximately 8% decline in spot bitcoin prices since August 4...
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