Odaily News Analyst Axel Adler Jr stated that the 7-day average trading volume of centralized exchanges is about $15.8 billion per day, while the Spot ETF is $1.7 billion per day, with a trading volume ratio of centralized exchanges to ETFs of 9.2:1, and ETFs accounting for nearly 10% of the total trading volume. The analyst pointed out that the price Fluctuation of BTC is still primarily driven by trading on centralized exchanges, with its volume being almost ten times that of the Spot ETF. Although ETF inflows have increased Liquidity and helped to support trend stability, they have not yet become the main driving factor for BTC price action.
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Analyst: The BTC volume in CEX is almost ten times that of the ETF, and the ETF has yet to become a driving force for BTC prices.
Odaily News Analyst Axel Adler Jr stated that the 7-day average trading volume of centralized exchanges is about $15.8 billion per day, while the Spot ETF is $1.7 billion per day, with a trading volume ratio of centralized exchanges to ETFs of 9.2:1, and ETFs accounting for nearly 10% of the total trading volume. The analyst pointed out that the price Fluctuation of BTC is still primarily driven by trading on centralized exchanges, with its volume being almost ten times that of the Spot ETF. Although ETF inflows have increased Liquidity and helped to support trend stability, they have not yet become the main driving factor for BTC price action.