Bitcoin ETF Trading Volume Tripled in March. Will That Trend Continue in April?
By just about any important metric, the new spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) have been a resounding success. As a group, they have now attracted more than $30 billion in assets under management. In March, these spot Bitcoin ETFs set a record with more than $111 billion in overall trading volume, nearly tripling the volume from the previous month.
But how much longer can this record-setting pace continue? After all, the new Bitcoin ETFs are starting to see net outflows on some days and the price of Bitcoin seems to be stuck right around the $70,000 level. If you are thinking about investing in the new ETFs as a way of getting exposure to Bitcoin, there are three key factors to consider.
First and foremost, there is the Bitcoin halving, which is set to take place on April 19. In a halving event, the mining reward paid out to Bitcoin miners gets slashed by half. This slows the growth in the supply of new bitcoins while making Bitcoin even more of an inflation-resistant asset.
Source Fool.com
