Investors Skip ETFs, Fuel Bitcoin Exchange Surge
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最新报道：Bitcoin exchange trading volume surged to over $500 billion last quarter, far exceeding the $50 billion in net inflows to Bitcoin ETFs, indicating a strong preference for direct trading over regulated investment products. Factors include lower fees, flexibility for leveraged positions, and growing use of decentralized exchanges, especially in emerging markets with limited ETF access. This divergence suggests Bitcoin's price is increasingly driven by on-chain activity rather than ETF flows, potentially leading to higher volatility and raising questions about market maturity and regulatory oversight.
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