Crypto ETP volumes fell in September as investors sought safer options
Cryptocurrency ETP volumes continue to drop as long-term investors look for safer options during Bitcoin’s dry spell. According to a recent report by CryptoCompare, a digital asset data resource, aggregate trading volumes exchange traded products (ETP) have plummeted drastically in the month of September. Aggregate ETP Volume ($millions) Source: CryptoCompareOverall daily cryptorrency ETP volumes plunged by roughly 74%, dropping from $186.5 million exchanged in mid-August to an average of $48 million in mid-September. Grayscale volumes take a hitGrayscale’s Bitcoin Trust product represents....
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Bitcoin's price woes this month likely put investors off from purchasing crypto ETPs, pushing volumes into a nosedive.