2024-04-03 13:03:05
Trading Bots in Asia React to ETF Flows Data After Market Closure, Leading to Pronounced Swings Bitcoin investors in Asia are experiencing
significant price swings as automated trading protocols react to flows data from
US exchange-traded funds (ETFs) that hold the
cryptocurrency. The impact of these automated trading algorithms is
particularly felt during Asian trading hours following the close of US
share trading, when daily figures on the demand for
spot-Bitcoin ETFs are released, according to a report from Bloomberg.
The
recent market drop in Asia serves as a good example of the
influence of these automated trading protocols. On Tuesday, Bitcoin experienced its worst decline in a month during the Asian morning, as
investors reacted to the flows data indicating a withdrawal of funds from
Bitcoin ETFs. Shiliang Tang, the president of the principal trading firm
Arbelos Markets, told Bloomberg that trading bots can automatically analyze and react to this data, resulting in buying or selling actions. The
automated response is believed to be a major contributing factor to the
pronounced swings in the market.
13.7K views10:03