The blockchain data firm observed that Bitcoin ETF volume has not fallen since the asset reached its highest level ever in mid-March, adding : "Investor activity is still well above the tipping point that began in late February after an influx of individual investors. trading has begun," in an April 8 post on X.
Santiment speculates that it is "probably a foregone conclusion" that high ETF activity will continue until Bitcoin's halving in about two weeks.
The halving of Bitcoin , which occurs every four years, is estimated to take place on April 20.
According to Santiment, the daily trading volume among the seven largest ETFs was $3.19 billion. However, "it will be interesting to see if there will be a drop in ETF and blockchain volume immediately afterwards," he added.
Lucas Kiely of Yield App recently suggested, that Bitcoin's accumulation through ETFs could reduce the likelihood of large swings after halving.
