Blockchain data firm Santiment predicts the high volume of spot Bitcoin exchange-traded funds (ETFs) will continue until the next halving, scheduled for later this month.
Despite reaching an all-time high in mid-March, Bitcoin ETF volume has not declined. In fact, it remains significantly higher than it was at the end of February, when individual trading activity began to increase.
Santiment suggests that the high level of ETF activity will likely continue until halving, which occurs every four years and is estimated to occur on April 20.
Santiment reports there has been daily volume of $3.19 billion among the top seven ETFs. However, he has also noted it will be interesting to see what happens after the halving.