Bitcoin (BTC) is currently priced at $69,723, with indications that exchange-traded fund (ETF) flows will remain robust leading up to the Bitcoin halving scheduled for this month.
According to insights from Santiment, an on-chain analytics firm, despite Bitcoin hitting an all-time high before four weeks, ETF volume hasn’t shown signs of decline. Santiment noted that trader activity continues to outplace levels seen since late February, when a surge in individual trading commenced.
This observation suggests sustained high levels of investor interest and engagement in Bitcoin ETFs as the market anticipates the upcoming halving event.
Santiment has raised speculation about the continuation of high ETF activity leading up to the Bitcoin halving, which is expected to take place in approximately two weeks on April 20.
According to Santiment, there has been significant daily volume of $3.19 billion among the top seven ETFs. However, the firm also noted the possibility of a decline in both ETF volume and on-chain volume immediately following the halving event.Â
Additionally, Lucas Kiely of Yield App has suggested that the accumulation of Bitcoin through ETFs could potentially mitigate large price swings post-halving.
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