Bitcoin ETF High Volume Doesn't Always Mean Heavy Buying: NYDIG
While high trading volume in the new spot bitcoin ETFs is commonly thought to indicate strong investor buying interest, it may not necessarily be so, according to a NYDIG report. "Daily trading volume is not a reliable indicator of daily fund flows, a misconception prevalent in the industry,” Greg Cipolaro, global head of research at NYDIG, wrote in a note on Friday.
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