It is a “likely foregone conclusion” that high Bitcoin ETF activity will continue leading up to the halving, said Santiment.
Spot Bitcoin exchange-traded fund (ETF) flows are likely to remain high until the Bitcoin halving later this month, according to on-chain analytics firm Santiment.
The blockchain data firm observed that Bitcoin ETF volume hasn’t slowed since the asset hit an all-time high in mid-March, adding that “trader activity is still notably higher than the turning point that began in late February after an influx of individual trading began” in a post on X on April 8.
Santiment went on to predict that it is a “likely foregone conclusion” that the high ETF activity will continue leading up to the Bitcoin halving in around two weeks.
