U.S. spot Bitcoin ETF daily trading volume hits new low since early February

BlockBeats reported that on Monday, August 20, the daily net inflow of U.S. spot Bitcoin ETFs was $61.98 million, while the total daily trading volume was $779.87 million, the lowest level since February 6 and the third lowest overall daily trading volume.

SOFA.org Director Augustine Fan said: "Low trading volume is expected, as market sentiment has been depressed since the massive sell-off a few weeks ago. It is worth noting that the summer vacation and recent data have reduced concerns about an impending recession, and investors have to wait for more signals from the Federal Reserve meeting later this week." (The Block)