Bitcoin ETF Sees Low Trading Volume Amid Market Uncertainty

According to BlockBeats, on August 20, the daily net inflow of the U.S. spot Bitcoin ETF was $61.98 million, while the daily total trading volume was $779.87 million. This marks the lowest level since February 6 and the third-lowest overall daily trading volume.SOFA.org director Augustine Fan commented that the low trading volume was expected due to the market’s subdued sentiment following a significant sell-off a few weeks ago. Fan noted that the summer holidays and recent data have reduced concerns about an impending economic recession. Investors are now waiting for more signals from the Federal Reserve meeting later this week.