๐ Bitcoin ETFs are the new black! ๐
Demand for spot Bitcoin (BTC) exchange-traded funds (ETFs) has skyrocketed to its highest since the halving in April. Meanwhile, futures traders seem to be hitting the snooze button. ๐
- Futures trading volume is now only 50% of what it was when Bitcoin hit its all-time high of $73,679 in March.
- Glassnode reports a "significant impulse" is missing in futures trading.
On the flip side, retail investors are fueling the spot Bitcoin ETF craze. Binance research shows non-institutional investors hold nearly 80% of these assets.
Whatโs your take? Drop your thoughts in the comments! ๐ฌ