“The ETFs began trading last Thursday, with a strong surge in cumulative volume delta (CVD) across all major exchanges; a net of nearly 3k BTC was market bought on Binance in the hour surrounding market open in the U.S. However, as some had feared, sell the news took hold, and Binance’s CVD quickly fell into the negative, as did OKX’s,” Kaiko said in a weekly report published Monday.
