When examining trading volumes, without taking into account derivatives, the spot market continues to dominate by a wide margin. However, it is clearly evident that ETF volumes are growing substantially. As a result, Darkfost believes it is highly relevant to monitor the ETF flows in those days.
Darkfost highlighted that this increase in volume is probably due to the robust expansion of Bitcoin spot ETFs, especially in the United States. With this growth, ETF volumes are already catching up to spot volumes, which might signal the start of a paradigm shift if the trend keeps getting stronger.
