Bitcoin exchange-traded fund (ETF) flows are expected to stay strong leading up to the Bitcoin halving later this month, as per blockchain data firm Santiment. Despite the asset reaching an all-time high in mid-March, Bitcoin ETF volume has not slowed down. Santiment believes that the high activity will continue until the halving event, which is estimated to occur on April 20. With a daily volume of $3.19 billion among the top seven ETFs, it remains to be seen if there will be a drop in volume after the halving. Lucas Kiely of Yield App suggests that accumulating Bitcoin through ETFs could reduce the likelihood of significant price swings post-halving. In March, spot Bitcoin ETF volumes reached $111 billion, almost tripling the volume from the previous month. Bitcoin ETF inflows picked up at the end of last week, with two days of over $200 million in net inflow. However, Grayscale continued to see outflows since converting to a spot ETF in mid-January. Despite this, industry executives like Ripple CEO Brad Garlinghouse remain confident in the future of spot ETFs and the Bitcoin halving.
Santiment predicts sustained Bitcoin ETF momentum leading up to the halving