Spot ETFs appear to have brought Bitcoin trading hours in line with traditional exchange platforms, reducing BTC price volatility. The downward trend in weekend trading volume has been going on for years, but ETFs have accelerated this pattern, according to Dessislava Aubert, senior analyst at Kaiko. In 2019, weekend transactions accounted for 28% of total volume. But continued declines have brought this rate to its lowest level ever. This decline can be attributed to traditional investors who prefer to trade on weekdays.
The Impact of ETFs on Bitcoin Investment Models
The introduction of spot ETFs has made it easier to access Bitcoin through traditional financial markets and reduced the need for investors to monitor the market on weekends. Additionally, the decline in earnings of Bitcoin miners is also noteworthy. Over the last six days, Bitcoin miners have earned less than 2 BTC in total from Runes transactions. This is in sharp contrast to the record of 884 BTC achieved on April 24. Additionally, average daily Runes transactions from June 22-28 dropped to 37,820 compared to the average of 331,040 transactions from June 9-15, a drop of close to 90%.
Record Low in Ethereum Network Fees
Significant changes are also observed in the Ethereum network. According to data from Coinbase Director Conor, the average Ethereum network fee is currently at its lowest level since 2016. This week recorded 9 of the 10 lowest periods in which average hourly wages were all below 3.3 gwei. Notably, at 04:00 UTC on June 30, the average hourly wage hit the second lowest level in history, at just 2.94 gwei.
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So who will benefit?
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I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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