Wu said that according to Bloomberg, Kaiko data shows that the proportion of Bitcoin traded on weekends this year has dropped to an all-time low of 16%. The decline in proportion occurred after the launch of the spot Bitcoin ETF, the passage of which appears to have changed the Bitcoin trading schedule to make it more consistent with the schedule of traditional stock trading platforms and reduce Bitcoin price volatility. The proportion of Bitcoin's weekend trading volume has continued to decline from a high of 28% in 2019.