‘Boring’ Bitcoin sends wkend trade volume to all-time lows

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The story "‘Boring’ Bitcoin sends wkend trade volume to all-time lows" was covered 4 days ago by Business Mirror, a news publisher based in Philippines.

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‘Boring’ Bitcoin sends wkend trade volume to all-time lows - Business Mirror

Quick Summary:

THE proportion of Bitcoin traded over weekends has declined to an all-time low of 16 percent this year, according to cryptocurrency research firm Kaiko.

The decline of weekend trading is a “trend that has been going on for years, but has been exacerbated by ETFs,” according to Kaiko Senior Analyst Dessislava Aubert.

That’s the period known as the benchmark fixing window, when the owners of the ETFs determine the price of Bitcoin and then use it to calculate the ETF’s net asset value.