Some friends in the comment section mentioned whether the ETF might have caused a lot of buying and selling, leading to the data from Bitcoin spot exchanges not being very clear.

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Phyrex
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4 hours ago

In the comment section, some friends mentioned whether the trading activities due to ETFs would result in a significant impact on Bitcoin spot exchanges' data.

In fact, that is not the case. Although the price of bitcoin:native has been quite good in the past week, the trading volume of spot ETFs has not been high, which can be seen from the data of $IBIT, reflecting one of the lowest trading volumes in a long time.

There is even less to say about the primary market of ETFs. In the past two days, there has indeed been some destruction and transfer out, but the total amount still shows a significant difference compared to the exchanges. Currently, the main trading of Bitcoin is still occurring on centralized exchanges.

@Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, one-stop trading for prediction markets


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