Determination of Bitcoin ETF Activity to Continue Until the Coming Halving, Santiment Data Shows

Crypto News – According to on-chain analytics company Santiment, spot Bitcoin ETF volumes are probably going to stay strong until the Bitcoin halving later this month.

Determination of Bitcoin ETF Activity to Continue Until the Coming Halving, Santiment Data Shows

Since the asset reached an all-time high in mid-March, the volume of Bitcoin ETFs, according to the blockchain data business, hasn’t decreased.

Trader activity is still notably higher than the turning point that began in late February after an influx of individual trading began

Santiment

According to Santiment, it is almost a given that the strong ETF activity will continue in the run-up to the Bitcoin halving in about two weeks. According to Santiment, the top seven ETFs had a daily volume of $3.19 billion. However, it will be fascinating to observe if there is a subsequent decline in ETF volume and on-chain volume.

ETFs Inflows for 2 Days in a Row

The amount of spot Bitcoin ETFs traded in March nearly tripled from the previous month to $111 billion, indicating a steady demand for the products. According to Farside Investors, net inflows into Bitcoin ETFs increased from the previous week, with two days of over $200 million recorded on April 4 and 5. With an $85.7 million withdrawal on April 1, which seemed to be a trend reversal from a strong few days in late March, that came after a few low days earlier in the week.