NYDIG: High Bitcoin ETF trading volume doesn’t always mean heavy buying
Although the high trading volume of new spot Bitcoin ETFs is usually considered to indicate strong investor buying interest, this may not be the case. Greg Cipolaro, Global Head of Research at NYDIG, wrote in the report: "Daily trading volume is not a reliable indicator of daily fund flows, which is a common misconception in the industry." Analysts believe that the fund turnover rate, which is the dollar trading volume divided by the net asset value of the fund, is the preferred observation indicator. The overall turnover rate of spot Bitcoin ETFs is 5.3%, and the turnover rates of Valkyrie (BRRR) and Grayscale's GBTC are the lowest, at 2.2% and 2.4%, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Fake ‘Investment Education’ Crypto Scams Are Exploding—Regulator Issues Dire Warning
Crypto Podcaster Busted in Vegas After $2M Scam—A Fugitive’s Last Gamble
Trending news
MoreCrypto prices
More








