"Rising Demand for Bitcoin ETFs Reshapes Crypto Trading Landscape"
TL;DR Summary
The arrival of new bitcoin ETFs has led to a 4.5% increase in total spot trading volume on centralized crypto exchanges, with Bitstamp experiencing a surge in trading volume and new users. While not listing any of the bitcoin ETFs, Bitstamp serves as a liquidity provider for the products, contributing to the increased buying and selling of crypto. Additionally, comedian Larry David expressed regret for starring in a crypto ad for now bankrupt FTX, and there is growing favoritism towards Ethereum over Bitcoin as investors anticipate potential approval of ether ETFs in the coming months.
- New bitcoin ETFs are boosting crypto exchanges. Here’s how. MarketWatch
- Crypto Trading Hits Busiest Pace Since June 2022 CoinDesk
- Wall Street Gets Laser Eyes in Bid for Bitcoin ETF Bucks The Wall Street Journal
- Grayscale CEO urges regulators to approve listed options for spot Bitcoin ETFs Cointelegraph
- Traders Look to Bitcoin ETFs to Patch 'Alameda Gap' in Crypto Market Bloomberg
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