#topsignal 🚨🚨Wild Weekend", 🚨🚨
where digital currencies will experience wide price fluctuations
Bitcoins
Unlike most crypto tokens that can be traded at any time on exchanges, Bitcoin ETFs follow the schedule of traditional stock exchanges.
The proportion of Bitcoin traded over the weekend has declined to an all-time low of 16 percent this year, according to cryptocurrency research firm Kaiko.
This drop comes after the launch of Bitcoin exchange-traded funds, which appears to have changed the period when Bitcoin is traded to be more in line with the schedules of traditional equity exchanges and has reduced its price volatility.
However, the phenomenon seems to be starting to subside as weekend Bitcoin trading volume continues to shrink from its high of 28 percent in 2019. The launch of Bitcoin ETFs is likely the main reason why this is happening.
The decline in weekend trading is “a trend that has been going on for years, but has been exacerbated by ETFs,” according to Kaiko Senior Analyst Dessislava Aubert.
Business Standard
Bitcoin ETFs were launched with approval from the US Securities and Exchange Commission in early 2024 and have been a hit among investors since then, causing Bitcoin prices to skyrocket to record highs in March. Although some of those gains have tapered off, the largest cryptocurrency is still up about 45 percent this year to about $61,000.
