As reported by CryptoPotato, Asian investors are facing turbulent times, with automated trading bots reacting to data from spot Bitcoin exchange-traded funds (ETFs). A report from Bloomberg states that these automated trading bots may be causing significant market volatility. Shiliang Tang, president of Arbelos Markets, acknowledged the role of these automated bots, saying, “From an algorithmic trading perspective, bots can automatically crawl and trade based on this data; this seems to be the case now.” Information about the daily demand levels for these spot Bitcoin ETFs spread through the cryptocurrency market after the U.S. stock market trading session ended in Asian time. On April 2, Bitcoin saw a decline during the Asian trading session, coinciding with reports that investors were withdrawing funds from these ETFs. According to Coingecko data, the price of Bitcoin fell to $64,650 on April 2, losing about 6% in a day. This decline triggered volatility across the crypto market. As of writing, the price of Bitcoin is around $66,000. The U.S. Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETF applications in early January, injecting about $12 billion in net inflows into the market. The peak of ETF inflows coincided with Bitcoin’s new high of $73,737 in mid-March. However, the subsequent outflow period saw Bitcoin fall nearly 10% from its peak.