![U.S. Spot BTC ETF Approval Likelihood Raised to 65% by U.S. Spot BTC ETF Approval Likelihood Raised to 65% by Bloomberg Analysts](https://btcusa.com/wp-content/uploads/2023/08/US-Spot-BTC-ETF-Approval-Likelihood-Raised-to-65-by-678x381.jpeg)
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“While this recovery is encouraging, ETF activity is slowing down, with daily trading turnover now at US$5.4bn, down 36% relative to its peak 3 weeks ago, although this remains well above the US$347m 2023 average, implying the initial market hype is cooling,” CoinShares said.
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