Asian Bitcoin Investors Face Volatility Due to Automated ETF Trading Bots: Report
The recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that track US ETF flows.
The recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that track US ETF flows.
Digital asset investments rebounded strongly, with $862 million inflows last week, nearly offsetting the previous week's $931 million outflows.
Tuesday saw the second consecutive day of outflows for ARKB, with $87.5 million in exodus, surpassing GBTC's $81.9 million.
CryptoQuant data identified two huge Bitcoin withdrawals in a span of a week.
Bitfinex analysts said the strategic profit-taking by these investor cohorts has increased BTC's price volatility, hampering the asset's efforts to
Spot Bitcoin exchange-traded funds have seen their first aggregate outflows since March 22 as crypto markets retreat.Â
The $1.4 billion USDC deposit on Coinbase has reignited predictions of yet another Bitcoin pump.
GBTC recorded $105 million in outflows which was its lowest figure since March 12th.
Hougan claimed 3% is the new 1% in Bitcoin investment allocation.
Crypto asset management firm Hashdex has become the latest to join the US spot Bitcoin exchange-traded fund market with its