BlockBeats News, on Monday, August 20th, the daily net inflow of the US SpotBTC ETF was $61.98 million, while the daily total volume was $779.87 million, the lowest level since February 6th, and the third lowest level of daily volume overall. Augustine Fan, director of SOFA.org, said, 'It is expected that the volume will be low, as the market sentiment has been low since the large-scale dumping a few weeks ago. It is worth noting that the concern about the upcoming economic recession has dropped due to the summer vacation and recent data, and investors have to wait for more signals from the Fed meeting later this week.' (The Block)
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US Spot BTC ETF daily volume hits new low since early February
BlockBeats News, on Monday, August 20th, the daily net inflow of the US SpotBTC ETF was $61.98 million, while the daily total volume was $779.87 million, the lowest level since February 6th, and the third lowest level of daily volume overall. Augustine Fan, director of SOFA.org, said, 'It is expected that the volume will be low, as the market sentiment has been low since the large-scale dumping a few weeks ago. It is worth noting that the concern about the upcoming economic recession has dropped due to the summer vacation and recent data, and investors have to wait for more signals from the Fed meeting later this week.' (The Block)