«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.
Listing over 120 coins and leveraging Kakao Talk's massive user base, Upbit currently facilitates an
average daily trading volume of 5 trillion won,» News.Bitcoin.com
reported.