BTC Spot ETF Volume Plummets to Lowest Level Since February

BTC Spot ETF Volume Plummets to Lowest Level Since February

## BTC Spot ETF Volume Drops to Lowest Level Since February Key Points: - Combined volume of US-listed spot Bitcoin ETFs falls to $779.87 million on August 19th. - Market sentiment remains subdued following a significant BTC sell-off. - Investors await cues from Fed Chair Powell's Jackson Hole speech amid recession concerns. Crypto data aggregator The Block, citing data from SoSoValue, reported that US-listed spot Bitcoin (BTC) ETFs experienced their lowest daily trading volume since February 6th on August 19th. The combined volume of $779.87 million represents the third-lowest daily volume since the launch of these products. According to Augustine Fan, head of marketing for on-chain settlement framework developer SOFA.org, trading volume has been subdued since a substantial BTC sell-off occurred a few weeks ago. Market sentiment remains cautious, but investors are eagerly anticipating further guidance from Fed Chair Jerome Powell's Jackson Hole speech later this week as recession fears persist. Impact on the Market: The low trading volume in BTC spot ETFs reflects the ongoing market uncertainty and lack of clear direction. Investors are hesitant to make significant moves until the outcome of Powell's speech and the broader economic outlook becomes clearer.