The trading of U.S. spot Bitcoin ETFs brought all-time high weekly trading volumes for crypto investment products, according to CoinShares.
The launch of spot Bitcoin ETFs has pushed trading volumes in crypto investment products to a new weekly all-time high, with $17.5 billion in volume.
In a Jan. 15 Digital Asset Fund Flows report, CoinShares head of research James Butterfill said the trading volumes from the week ended Jan. 12 were the “highest on record,” noting that in 2022, weekly trading volumes averaged around $2 billion.
Total weekly inflows hit $1.18 billion, though Butterfill noted it was “not a record” as the Bitcoin futures ETF launches in October 2021 brought $1.5 billion of inflows in the first week.
