Bitget&#8217;s latest transparency report revealed the crypto exchange processed a total of $2.08 trillion in trading volume, led by a sharp increase in spot trading of nearly 160%. In a press release sent to crypto.news, the crypto exchange&#8217;s spot trading…

Bitget spot trading surges 159%, bringing total trading volume to $2.08t in Q1 2025

Bitcoin dipped about 0.8% on Tuesday afternoon, declining from $86,450 to 
$83,904. The pullback coincided with a broader retreat in equities, as Wall 
Street closed lower amid continued anxiety over tariffs rippling across 
financial markets. Equities and Crypto Both Drift Lower as Tariff Uncertainty 
Weighs on Traders As of 4:50 p.m. EDT on Tuesday, Apr. […]

Bitcoin Slides Under $84K as Market Caution Deepens Across Crypto and Wall Street

Ethereum is trading above the $1,600 mark after a turbulent period marked by 
heightened volatility and growing uncertainty surrounding global trade 
policies. As US President Donald Trump&#8217;s tariff measures continue to shake 
investor sentiment, crypto markets have struggled to find direction. Ethereum, 
like the broader market, is attempting to stabilize after weeks of aggressive 
selling pressure and macroeconomic headwinds. Related Reading: XRP Tests 
Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? Despite signs of 
weakness, bulls are now trying to regain control. However, price action still 
suggests the downtrend may not be over yet. ETH must reclaim key levels to 
confirm short-term momentum for any meaningful recovery to unfold. Until then, 
caution dominates the market outlook. Glassnode data provides a hopeful 
perspective for Ethereum bulls. According to on-chain metrics, the most 
critical support level currently sits at $1,546.55—where whales accumulated 
over 822,440 ETH. This level could serve as a strong foundation for a bounce 
if tested again, as historically, zones with heavy accumulation tend to 
attract renewed buying interest. The coming days will be crucial for 
Ethereum’s trajectory. Holding above this support while pushing into higher 
resistance could be the catalyst needed to reignite bullish sentiment and 
reverse recent losses. Ethereum Tests Key Resistance As Bulls Eye Recovery 
Ethereum has surged more than 20% since last Wednesday’s low near $1,380, 
generating renewed optimism among investors hoping for a broader market 
recovery. Currently trading around key resistance levels, ETH appears to be 
forming a base for a potential breakout that could mark the beginning of a new 
upward phase. However, the path forward remains uncertain as global 
macroeconomic conditions continue to weigh heavily on market sentiment. 
Growing speculation of a policy shift following US President Donald Trump’s 
announcement of a 90-day tariff pause for all countries except China sparked 
the recent surge. This decision triggered a temporary risk-on sentiment across 
global markets, with cryptocurrencies benefiting from the momentum. Still, 
concerns about long-term US foreign policy and lingering trade tensions have 
left many investors cautious. While some analysts believe that Ethereum has 
already priced in the worst of the selloff, others warn that we may only be in 
the early stages of a broader bear cycle. Despite the divergence in outlooks, 
on-chain data suggests that a major support level has formed. According to 
analyst Ali Martinez, the most critical support for Ethereum sits at 
$1,546.55—an area where more than 822,440 ETH were previously accumulated. 
This level is being closely monitored as a potential pivot zone. If bulls can 
maintain price action above this threshold and successfully push through 
current resistance, it could trigger a strong continuation rally and restore 
confidence in the altcoin market. Until then, Ethereum remains at a 
crossroads, with the next move likely to be shaped by a combination of market 
momentum, geopolitical developments, and investor conviction. Related Reading: 
Dogecoin Gears Up For A Breakout To $0.29: Can Bulls Hold Key Support? ETH 
Price Struggles at Resistance: Bulls Must Reclaim $1,875 Ethereum is trading 
at $1,630 after setting a fresh 4-hour high around $1,691, slightly above the 
previous local peak. The short-term price structure suggests that bulls are 
trying to regain momentum, but the recovery remains uncertain without a clear 
breakout above key resistance levels. For Ethereum to confirm a true reversal 
and enter a bullish recovery phase, it must reclaim the $1,875 level — a zone 
that aligns with both the 4-hour 200-day moving average (MA) and exponential 
moving average (EMA). This critical level has acted as a major barrier since 
the downtrend began, and breaking above it would signal a shift in trend and 
market sentiment. However, failing to push beyond this range could send ETH 
back to retest the $1,500 support zone or even lower. Related Reading: Solana 
Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally? The 
$1,600 level now acts as a key psychological and technical threshold. Holding 
above it is essential for bulls to keep short-term momentum alive and prevent 
another sharp selloff. As macroeconomic uncertainty and market volatility 
continue, Ethereum’s next move depends heavily on whether bulls can defend 
current support and build enough strength to break above the $1,875 resistance 
zone. Featured image from Dall-E, chart from TradingView

Ethereum Metrics Reveal Critical Support Level – Can Buyers Step In?

Spot Bitcoin (BTC) exchange-traded funds saw a total of $872 million in net 
outflows between April 3 and April 10, causing traders to wonder if overall 
interest in Bitcoin is fading. The strong selling pressure began on April 3, 
as global trade tensions increased and fears of an economic recession grew. 
This trend is especially concerning after two days of spot Bitcoin ETF net 
flows below $2 million on April 11 and April 14.
_Spot Bitcoin ETFs aggregate net flows, USD. Source: CoinGlass_
Bitcoin&#8217;s price has remained relatively stable near $83,000 for the past five 
weeks, which further suggests weak interest from both buyers and sellers. On 
one hand, this lack of volatility could show that Bitcoin is becoming a more 
mature asset class. For example, several S&amp;P 500 companies have dropped 40% or 
more from their all-time highs, while Bitcoin&#8217;s largest drawdown in 2025 was a 
healthier 32%.
However, Bitcoin&#8217;s performance has disappointed those who believed in the 
&#8220;digital gold&#8221; narrative. Gold has gained 23% so far in 2025, reaching an all- 
time high of $3,245 on April 11. Even though Bitcoin outperformed the S&amp;P 500 
by 4% over the past 30 days, some investors worry that its appeal is fading, 
as it is currently uncorrelated with other assets and not acting as a reliable 
store of value.
## Average Bitcoin ETF volume surpasses $2 billion per day
When looking at the spot Bitcoin ETF market&#8211;especially compared to gold&#8211; 
Bitcoin has some advantages. On April 14, spot Bitcoin ETFs had a combined 
trading volume of $2.24 billion, which is 18% below the 30-day average of 
$2.75 billion. So, it would not be accurate to say that investor interest in 
these products has disappeared.
_Spot Bitcoin ETFs daily volumes, USD. Source: CoinGlass_
While Bitcoin ETF volumes are lower than the $54 billion per day traded by the 
SPDR S&amp;P 500 ETF (SPY), they are not far behind gold ETFs at $5.3 billion and 
are ahead of US Treasurys ETFs at $2.1 billion. This is impressive, 
considering that spot Bitcoin ETFs in the US only launched in January 2024, 
while gold ETFs have been trading for over 20 years and have $137 billion in 
assets under management.
Even when including the Grayscale GBTC Trust, which surpassed 200,000 shares 
traded per day in 2017 before it was converted to an ETF, Bitcoin investment 
products are still less than eight years old. Currently, spot Bitcoin ETFs 
hold about $94.6 billion in assets under management, which is more than the 
market capitalization of well-known companies such as British American 
Tobacco, UBS, ICE, BNP Paribas, Cigna, Sumitomo Mitsui and several others.
_**Related:**__**Bitcoin shows growing strength during market downturn &#8212; 
Wintermute**_
 _Ranking of tradable assets by market capitalization, USD: Source: 
8marketcap_
To see how spot Bitcoin ETFs have become established in the industry, one can 
look at the top holders of these products. These include well-known names like 
Brevan Howard, D.E. Shaw, Apollo Management, Mubadala Investment, and the 
State of Wisconsin Investment. From pension funds to some of the world&#8217;s 
largest independent asset managers, Bitcoin ETFs provide an alternative to 
traditional assets, regardless of short-term price movements.
As the asset class grows and more products like futures and options are 
listed, Bitcoin may eventually be included in global indexes, whether in the 
commodities or currencies category. This could lead passive funds to invest, 
increasing both price potential and trading volume. Therefore, the current 
lack of strong net inflows or outflows is not unusual and should not be seen 
as a sign of weakness.
This article is for general information purposes and is not intended to be and 
should not be taken as legal or investment advice. The views, thoughts, and 
opinions expressed here are the author&#8217;s alone and do not necessarily reflect 
or represent the views and opinions of Cointelegraph.

Should Bitcoin investors worry about flat inflows to the spot BTC ETFs?

Blockchain infrastructure provider Figment has been selected as the staking 
provider for 3iQ&#8217;s newly approved Solana exchange-traded fund (ETF), 
underscoring Canada&#8217;s continued efforts toward adoption of digital asset 
financial products.
Figment will enable institutional staking for the 3iQ Solana (SOL) Staking 
ETF, which launches on the Toronto Stock Exchange on April 16 under the ticker 
SOLQ, the companies said in a statement. In addition to 3iQ, Figment provides 
staking infrastructure solutions to more than 700 clients.
The Ontario Securities Commission (OSC), a provincial regulator, green-lighted 
3iQ&#8217;s SOL fund on April 14. The approval was also extended to other fund 
managers seeking to offer SOL ETFs, including Purpose, Evolve and CI.
As Bloomberg ETF analyst Eric Balchunas reported at the time, the funds are 
permitted to stake a portion of their SOL holdings through TD Bank, Canada&#8217;s 
second-largest financial institution by assets.
_Source:__Eric Balchunas_
3iQ estimates that its SOL fund will provide yields of between 6% and 8%, 
according to its website.
_**Related: S**_ _**olana, XRP ETFs may attract billions in new investment &#8212; 
JPMorgan**_
## 3iQ leads Canadian crypto ETFs as US regulators drag their feet
As US regulators continue to consider various crypto-related fund offerings, 
Canada has been leading the curve in adoption going back to 2021. That was the 
year that 3iQ debuted its spot Bitcoin (BTC) ETF, which crossed $1 billion in 
net assets almost immediately.
It would take nearly three more years before spot Bitcoin ETFs were approved 
in the United States. Like their Canadian counterparts, the US ETFs saw 
overwhelming success in their first year, generating more than $38 billion in 
net inflows.
In October 2023, 3iQ launched an ETF tied to Ether (ETH), giving investors 
direct access to the smart contract platform. Unlike the Ether ETFs that US 
regulators approved the following year, 3iQ&#8217;s fund offers staking rewards.
As Cointelegraph recently reported, US regulators may be on the cusp of 
approving staking rewards after they authorized exchanges to list options 
contracts tied to ETH.
_Source:__James Seyffart_
 _**Related:**__**SEC delays staking decision for Grayscale ETH ETFs**_

3iQ’s Canadian Solana ETF selects Figment as staking provider

Bitcoin is back above $85,000 and BTC dominance is climbing towards its four- 
year peak. This may be the perfect time for altcoins with a high BTC 
correlation to rally during the bull run. Altcoin tokens with a real use case, 
growing adoption and bullish on-chain and technical indicators could double or 
climb to three times their value this cycle.