{"id":135891,"date":"2024-08-20T15:30:45","date_gmt":"2024-08-20T12:30:45","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135891"},"modified":"2024-08-20T15:06:43","modified_gmt":"2024-08-20T12:06:43","slug":"bitcoin-etf-trading-volume-hits-february-lows-amid-market-uncertainty","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-etf-trading-volume-hits-february-lows-amid-market-uncertainty\/","title":{"rendered":"Bitcoin ETF Trading Volume Hits February Lows Amid Market Uncertainty"},"content":{"rendered":"

On Monday, the trading volume plummeted<\/a><\/strong> to $779.87 million, a significant drop from the $5.24 billion peak observed on August 6.<\/span><\/p>\n

Analyst Augustine Fan from SOFA.org attributes this downturn to diminished market enthusiasm following recent sell-offs and seasonal factors such as summer vacations. Additionally, investor caution is linked to upcoming Federal Reserve discussions and a general wait-and-see attitude.<\/p>\n

Despite the reduced trading volume, Bitcoin ETFs experienced a net inflow of $61.98 million, with BlackRock and Fidelity seeing substantial gains. In contrast, Ethereum ETFs are struggling, with their trading volume hitting a new low and facing net outflows of $13.52 million, largely due to issues with the Grayscale ETHE fund.<\/p>