đ¨Bitcoin ETF Demand Surges to 6-Month High, While Futures Trading Slowsđ
Interest in spot Bitcoin ETFs has soared to its highest level since the April halving, indicating strong demand from retail investors. Data from CryptoQuant shows that netflows have reached 65,962 BTC over the past 30 days, a clear sign that investors are flocking to the more direct, asset-backed ETFs.
However, the futures market tells a different story. According to Glassnode, daily trading volumes across all Bitcoin futures contracts have remained relatively low at around $35 billion per day, just 50% of the volume seen in March when Bitcoin hit its all-time high of $73,679. This lack of trading momentum may be limiting Bitcoinâs price growth, as traders appear more focused on arbitrage and basis strategies rather than speculative futures plays.
While the surge in spot ETF demand is encouraging, the subdued futures activity suggests that a significant push in trading volume may be needed to fuel Bitcoinâs next big rally.
