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Crypto Volumes Climb First Time in 3 Months amid TradFi Push for Spot BTC ETF
The combined value of spot and derivatives trading volumes on centralized exchanges (CEXs) jumped by 14.2% for the first time in three months, reaching $2.71 trillion in June. The bullish trend came amidst a new wave of applications for spot Bitcoin (BTC) exchange-traded funds (ETFs) by institutional investors. The latest interest follows an application by BlackRock, the world’s largest asset manager, in mid-June. The increase in volatility that trailed the US Securities and Exchange’s (SEC) crackdown on Binance and Coinbase also pushed up the volumes, according to the latest report by digital asset data provider ... (full story)