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Share of Bitcoin Volume During US Market Hours Surges to Record
The share of Bitcoin trading that occurs during US market hours has reached an all-time high, accounting for 46% of this year’s cumulative volume through April, according to a cryptocurrency research firm. The research suggests that the higher share of trading may be linked to the January launch of spot-Bitcoin exchange traded funds, since volume has increased near the beginning and close of US trading hours, according to Kaiko Research. The ETFs calculate their net asset values each weekday at the close of US stock exchanges, which Kaiko said boosts price discovery and arbitrage trading. Thursday was the day of ... (full story)