Updated for Q1 2025: Kaiko Spot Exchange Ranking

See more
Contact us
  1. Home
  2. News

  3. Kaiko x Moodys: Spot Crypto ETFs Draw Institutional Interest, Despite Risks

Kaiko x Moodys: Spot Crypto ETFs Draw Institutional Interest, Despite Risks

A collaborative research report powered by Kaiko data.

Download Full Report

May 1st, 2024

We are pleased to introduce a new crypto research report published by Moodys, one of the world’s leading providers of data, intelligence and credit ratings. Kaiko was interviewed as part of Moodys “Bits, Bytes & Basis Points” series, where we explored the impact of the spot bitcoin ETF on cryptocurrency markets.
The report breaks down the following crypto trends:

Volumes of spot ETF trading have surged globally since the launch of ETFs. Since 11 January, Bitcoin trade volume has hit multiple new multiyear highs, at one point topping $46 billion.

Bitcoin liquidity has increased since the launch of spot ETFs. Since January, as measured by market depth – the quantity of bids and asks on an order book – Bitcoin market depth has surged from approximately $400 million to roughly $500 million across all exchanges.

ETFs can amplify market downturns. If there is an event that triggers large outflows, ETF issuers will need to liquidate their holdings, which could weaken values in crypto markets.

Bitcoin’s halving will likely be positive for its price, if spot ETF inflows remain strong. The launch of the spot ETFs has created a sharp reduction in Bitcoin’s supply. Should ETFs continue to generate large inflows, there will be a bullish impact on Bitcoin’s price posthalving.

Download the full report here and visit Moody’s website here.


Never Miss An Update

MORE FROM KAIKO

  • Perspectives

    New York

    Meme Coins: A Market Phenomenon or an Investable Asset Class?

    Our latest survey reveals a sharp divide on meme coins’ place in the investable crypto universe, with perspectives varying across industries. Explore the key findings.

    04/03/2025

    Read More

  • Perspectives

    Paris

    Bybit Hack: The importance of scalable blockchain analytics solutions

    Learn more about how an interface-free approach can improve the efficiency and flexibility of your investigations.

    25/02/2025

    Read More

  • Product

    New York

    Kaiko Launches EAGLE Index, Enabling Targeted Exposure to U.S.-Related Digital Assets

    Kaiko, the global leader in cryptocurrency market data, analytics, and index solutions, today announced the launch of the Kaiko EAGLE Index (EGLX). 

    12/02/2025

    Read More