Bitcoin ETFs’ Trading Volume Reaches $1B

Chris Smith News
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Trading activity for Bitcoin ETFs started strong on August 5, with trading volumes reaching over $1 billion in just 20 minutes.

According to Alex Thorn of Galaxy Digital, this surge in activity was likely triggered by the overall market volatility in the crypto space.

The most active ETF, iShares Bitcoin Trust, saw trading volume of over $875 million. Thorn predicts that BTC ETFs will continue to see strong interest as investors take advantage of the current price dip of around 8%.

This dip was caused by a 21% drop in Ether, with reports indicating that funds such as Jump Trading and Paradigm VC were selling large amounts of the cryptocurrency.

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