ETF trading volumes saw a significant surge as the price of BTC rose on the charts. Will BTC 's price be affected positively?
s recent push past the $65,000-level has inspired massive optimism among traders and investors alike. This, despite the minor correction that followed soon after. However, it isn’t just the crypto-market where BTC is making waves. In fact, Wall Street is pretty keen on Bitcoin as well.According to Santiment, seven major Bitcoin ETFs together recorded a trading volume of $5.65 billion, marking their highest volume since 24 March.
However, large investors in the crypto-space, known as whales, did not show similar levels of interest in BTC. AMBCrypto’s examination of Santiment’s data revealed that addresses holding 10-10,000 BTC slowed down their accumulation. On the contrary, retail interest has been on the rise. Investors holding anywhere between 0.001 to 1 BTC were seen accumulating BTC at a high rate.
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