«While bitcoin liquidity has improved dramatically in recent years — and
average daily trading volume now resembles that of the average security in the S&P midcap 400 — it would be hard for the ETF's authorized participants to acquire $ 300M worth of bitcoin without significantly pushing price up,» notes the report.
On
average, more than six percent of the
daily global
volume of exchange -
traded equity options and equity futures is
now traded across the Timber Hill / IB network.