Crypto market was eagerly looking forward to the potential approval of spot Bitcoin [BTC] exchange-traded fund (ETF) applications, seen as a more convenient way for TradFi investors to gain exposure to cryptocurrencies. With the final deadline of several applications due in January 2024, the question, however, in everyone’s mind was – will ETFs succeed in restoring crypto liquidity to levels seen before the FTX collapse? A recent report by crypto market data provider Kaiko referred to ETFs as the “single biggest catalyst” in reviving the two measures of liquidity – market depth and trading volumes. As seen from the graph below, market depth was hammered in the aftermath of FTX implosion and stayed suppressed for much of 2023. Even the ongoing market rally failed to bring about a meaningful recovery.
LIVE
Mkt Cap $2.30T
BTC Dom 56.72 %
BTC
$64,966.00
▼ -0.10%
ETH
$1,918.34
▲ +0.00%
USDT
$0.999447
▲ +0.00%
BNB
$596.01
▲ +0.80%
USDC
$0.999699
▲ +0.00%
XRP
$1.04
▲ +0.60%
SOL
$75.40
▲ +2.40%
TRX
$0.32879
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.70
▼ -4.10%
DOGE
$0.070409
▲ +1.10%
USDS
$0.999826
▲ +0.00%
RAIN
$0.012653
▼ -0.60%
LEO
$9.70
▼ -0.80%
ZEC
$501.26
▼ -2.40%
ADA
$0.199327
▼ -1.20%
XMR
$381.44
▲ +2.90%
WBT
$56.22
▲ +0.10%
LINK
$8.30
▲ +1.10%
XLM
$0.164526
▲ +2.00%
DAI
$0.999799
▲ +0.00%
BCH
$216.80
▼ -0.10%
USD1
$0.999676
▲ +0.00%
USDE
$0.999619
▲ +0.00%
GRAM
$1.36
▲ +1.70%
Mkt Cap $2.30T
BTC Dom 56.72 %
BTC
$64,966.00
▼ -0.10%
ETH
$1,918.34
▲ +0.00%
USDT
$0.999447
▲ +0.00%
BNB
$596.01
▲ +0.80%
USDC
$0.999699
▲ +0.00%
XRP
$1.04
▲ +0.60%
SOL
$75.40
▲ +2.40%
TRX
$0.32879
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.70
▼ -4.10%
DOGE
$0.070409
▲ +1.10%
USDS
$0.999826
▲ +0.00%
RAIN
$0.012653
▼ -0.60%
LEO
$9.70
▼ -0.80%
ZEC
$501.26
▼ -2.40%
ADA
$0.199327
▼ -1.20%
XMR
$381.44
▲ +2.90%
WBT
$56.22
▲ +0.10%
LINK
$8.30
▲ +1.10%
XLM
$0.164526
▲ +2.00%
DAI
$0.999799
▲ +0.00%
BCH
$216.80
▼ -0.10%
USD1
$0.999676
▲ +0.00%
USDE
$0.999619
▲ +0.00%
GRAM
$1.36
▲ +1.70%
BTC
$64,966.00
▼ -0.10%
ETH
$1,918.34
▲ +0.00%
USDT
$0.999447
▲ +0.00%
BNB
$596.01
▲ +0.80%
USDC
$0.999699
▲ +0.00%
XRP
$1.04
▲ +0.60%
SOL
$75.40
▲ +2.40%
TRX
$0.32879
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.70
▼ -4.10%
DOGE
$0.070409
▲ +1.10%
USDS
$0.999826
▲ +0.00%
RAIN
$0.012653
▼ -0.60%
LEO
$9.70
▼ -0.80%
ZEC
$501.26
▼ -2.40%
ADA
$0.199327
▼ -1.20%
XMR
$381.44
▲ +2.90%
WBT
$56.22
▲ +0.10%
LINK
$8.30
▲ +1.10%
XLM
$0.164526
▲ +2.00%
DAI
$0.999799
▲ +0.00%
BCH
$216.80
▼ -0.10%
USD1
$0.999676
▲ +0.00%
USDE
$0.999619
▲ +0.00%
GRAM
$1.36
▲ +1.70%
Mkt Cap $2.30T
BTC Dom 56.72 %
BTC
$64,966.00
▼ -0.10%
ETH
$1,918.34
▲ +0.00%
USDT
$0.999447
▲ +0.00%
BNB
$596.01
▲ +0.80%
USDC
$0.999699
▲ +0.00%
XRP
$1.04
▲ +0.60%
SOL
$75.40
▲ +2.40%
TRX
$0.32879
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.70
▼ -4.10%
DOGE
$0.070409
▲ +1.10%
USDS
$0.999826
▲ +0.00%
RAIN
$0.012653
▼ -0.60%
LEO
$9.70
▼ -0.80%
ZEC
$501.26
▼ -2.40%
ADA
$0.199327
▼ -1.20%
XMR
$381.44
▲ +2.90%
WBT
$56.22
▲ +0.10%
LINK
$8.30
▲ +1.10%
XLM
$0.164526
▲ +2.00%
DAI
$0.999799
▲ +0.00%
BCH
$216.80
▼ -0.10%
USD1
$0.999676
▲ +0.00%
USDE
$0.999619
▲ +0.00%
GRAM
$1.36
▲ +1.70%
