
Bitcoin spot ETF trading volume is down, but 50% of the top 25 U.S. hedge funds hold BTC ETFs.
Bloomberg ETF analyst James Seyffart tweeted on his X (formerly Twitter), "Trading volume in the U.S. Bitcoin spot ETF group is clearly declining. It hasn't hit $3 billion a day since mid-May," he wrote. He continued, "US Bitcoin spot ETF fund flows are stagnant.