BTC ETF Commands a Quarter of Spot Volume, Ushering in 'Mature' Money

IconCryptoNewsTerminal Staff03 Jul, 2024

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BTC ETF Commands a Quarter of Spot Volume, Ushering in 'Mature' Money

CryptoQuant CEO Ki Young Ju recently observed a significant shift in the source of funds in the current Bitcoin cycle, with Bitcoin spot ETFs claiming a quarter of the total spot trading volume. This influx of "mature" money, characterized by long-term holding tendencies, is expected to continue growing in the future. Unlike previous cycles, the current one is marked by more sophisticated and patient investors entering the market. This maturity suggests a potential for sustained upward momentum in the long term.