PANews reported on July 4 that according to data released by CryptoQuant CEO Ki Young Ju, Bitcoin spot ETFs currently account for a quarter of the total spot trading volume. He said that the sources of funds in this cycle are different, and new funds are more mature, and he expects that more mature funds will enter the market in the future. Mature funds usually have the ability to hold for the long term.
He added that the market is currently maturing, but not yet fully mature, and there is still a large amount of institutional capital waiting to enter the market. The emergence of ETFs is very important for absorbing gold ETF trading volume. Currently, 85% of Bitcoin trading volume is in futures, 11% in spot, and 3% in ETFs, while 98% of gold trading volume is in ETFs and 2% in futures.
