{"id":164305,"date":"2024-04-08T13:53:33","date_gmt":"2024-04-08T13:53:33","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164305"},"modified":"2024-04-08T13:53:36","modified_gmt":"2024-04-08T13:53:36","slug":"bitcoin-etfs-show-no-signs-of-slowing-strong-activity-expected-through-halving","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-etfs-show-no-signs-of-slowing-strong-activity-expected-through-halving\/","title":{"rendered":"Bitcoin ETFs Show No Signs of Slowing: Strong Activity Expected Through Halving"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Robust Bitcoin ETFs Flows<\/span><\/strong><span data-preserver-spaces=\"true\">: Spot Bitcoin exchange-traded fund (ETF) flows are expected to remain strong leading up to the Bitcoin halving event, with trading volumes remaining high even after Bitcoin reached an all-time high in mid-March.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Halving Impact<\/span><\/strong><span data-preserver-spaces=\"true\">: The upcoming Bitcoin halving event, which reduces the rate at which new Bitcoin units are generated, is expected to have a significant impact on the market. There is speculation about whether there will be a decrease in ETF volume and on-chain volume immediately after this event.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Market Predictions<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: Industry executives, including Brad Garlinghouse, the CEO of Ripple, predict a twofold increase in the overall value of the crypto market this year, driven mainly by spot ETFs and the Bitcoin halving.<\/span><\/span><br \/><hr \/><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>Spot Bitcoin <a href=\"https:\/\/crypto-economy.com\/bitcoin-etf\/\" target=\"_blank\" rel=\"noopener\">ETFs<\/a> (exchange-traded fund) <\/strong><span data-preserver-spaces=\"true\"><strong>flows are anticipated to remain robust leading up to the Bitcoin halving, according to on-chain analytics firm Santiment.<\/strong> The blockchain data firm noted that Bitcoin ETF trading volume has remained robust even after the asset reached an all-time high in mid-March.\u00a0<\/span><!--more--><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>The firm indicates that trader activity remains significantly higher than the turning poin<\/strong>t that started in late February following an influx of individual trading. Santiment predicts that it is a probable outcome that the elevated ETF activity will persist in the lead-up to the Bitcoin halving, which is approximately two weeks away.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>The Bitcoin halving, a phenomenon that takes place every four years, will happen on the 20th of April.<\/strong> Santiment reports that the daily volume of the leading seven ETFs has reached $3.19 billion. However, it remains to be seen if there will be a decrease in ETF volume and on-chain volume immediately after this event.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Lucas Kiely from Yield App has recently proposed that the collection of Bitcoin through ETFs might lessen the chances of significant fluctuations post-halving. In March, <strong>the volumes of Bitcoin ETFs skyrocketed to $111 billion,<\/strong> nearly three times the volume of the preceding month, indicating a steady interest in these products.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">The Significance of Bitcoin ETFs in the Lead-Up to the Halving<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-164315\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinHalving-1.jpg\" alt=\"Bitcoin ETFs Show No Signs of Slowing: Strong Activity Expected Through Halving\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinHalving-1.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinHalving-1-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinHalving-1-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Since its conversion to a spot ETF in mid-January, <strong>Grayscale has been consistently pulling down the overall numbers with outflows every trading day.<\/strong> The company\u2019s GBTC fund lost $738 million last week, resulting in a total BTC outflow from the product of 294,313 BTC. Industry executives remain confident, however.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Brad Garlinghouse, the CEO of Ripple, has\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cnbc.com\/2024\/04\/08\/ripple-ceo-crypto-market-to-double-in-size-to-5-trillion-in-2024.html\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">forecasted\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">that the overall value of the crypto market will see a twofold increase this year. This surge is expected to be mainly fueled by spot ETFs and the halving of Bitcoin. <strong><em>\u201cI\u2019m very optimistic. I think the macro trends, the big picture things like the ETFs, they\u2019re driving for the first time real institutional money,\u201d<\/em><\/strong> he told CNBC on April 7.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/bitcoin-halving\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Bitcoin\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">halving, occurring approximately every four years, reduces the rate at which new BTC units are generated and earned by miners. It is designed to create scarcity, mimicking the scarcity of precious metals like gold.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Historically, halving events have correlated with Bitcoin\u2019s bull runs, making this upcoming halving a significant event for traders and investors. As the halving approaches, the strong activity in Bitcoin ETFs suggests continued interest and potential price impact in the crypto market.<\/span><\/p>\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83d\udcca <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETF?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#ETF<\/a> volume hasn&#39;t slowed down four weeks after the <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/AllTimeHigh?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#AllTimeHigh<\/a>. Among <a href=\"https:\/\/twitter.com\/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$GBTC<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$IBIT<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$FBTC<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24ARKB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$ARKB<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24BTCO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTCO<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24BITB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BITB<\/a>, and <a href=\"https:\/\/twitter.com\/search?q=%24HODL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$HODL<\/a>, trader activity is still notably higher than the turning point that began in late February after an influx of individual trading began\u2026 <a href=\"https:\/\/t.co\/LErr5T8BWF\" target=\"_blank\">pic.twitter.com\/LErr5T8BWF<\/a><\/p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1777087172786713020?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 7, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Robust Bitcoin ETFs Flows: Spot Bitcoin exchange-traded fund (ETF) flows are expected to remain strong leading up to the Bitcoin halving event, with trading volumes remaining high even after Bitcoin reached an all-time high in mid-March. Halving Impact: The upcoming Bitcoin halving event, which reduces the rate at which new Bitcoin units are generated, &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Bitcoin ETFs Show No Signs of Slowing: Strong Activity Expected Through Halving\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/bitcoin-etfs-show-no-signs-of-slowing-strong-activity-expected-through-halving\/#more-164305\" aria-label=\"More on Bitcoin ETFs Show No Signs of Slowing: Strong Activity Expected Through Halving\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":164312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4606,4910,5536,9907],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164305"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=164305"}],"version-history":[{"count":4,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164305\/revisions"}],"predecessor-version":[{"id":164324,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164305\/revisions\/164324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/164312"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=164305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=164305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=164305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}