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📊Difference in GBTC trading volumes before and after approval of spot Bitcoin ETFs Although the effect of ETFs seems disappointing to most, the actual volumes cannot be underestimated: they account for 10% of the total BTC trading volume ($2.57 billion vs. $25.258 billion) For comparison, daily volumes of MSTR (Microstrategy shares) average $500 million (i.e., approximately 1/5 of the ETF) By Crypto Australia