Major Changes in the Exchange Ranking
Kaiko x Moodys: Spot Crypto ETFs Draw Institutional Interest, Despite Risks
A collaborative research report powered by Kaiko data.
May 1st, 2024
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
-
New York
Kaiko Welcomes Strategic Investment from Uggla Family Office.
Kaiko Welcomes Strategic Investment from Uggla Family Office, Marking New Chapter in Financial Data Innovation
29/01/2025
Read More -
New York
Kaiko Indices Power Gemini’s Index Perpetuals: A Milestone in Crypto Derivatives
Kaiko is proud to support the launch of index perpetuals on Gemini Derivatives, the dedicated non-US derivatives platform by Gemini.
28/01/2025
Read More -
New York
Kaiko Bolsters US Presence with Strategic Leadership Moves and Key Promotions
Following the company’s recent 10-year anniversary milestone, Kaiko is strengthening its presence in the United States amid the increasing institutionalization of the crypto and blockchain industry.
14/01/2025
Read More