The Agora by Kaiko returns to Cannes on April 13, 2027

Learn more
Contact us Research Log In
  1. Home
  2. News

  3. Kaiko x Moodys: Spot Crypto ETFs Draw Institutional Interest, Despite Risks

Kaiko x Moodys: Spot Crypto ETFs Draw Institutional Interest, Despite Risks

A collaborative research report powered by Kaiko data.

Download Full Report

May 1st, 2024

We are pleased to introduce a new crypto research report published by Moodys, one of the world’s leading providers of data, intelligence and credit ratings. Kaiko was interviewed as part of Moodys “Bits, Bytes & Basis Points” series, where we explored the impact of the spot bitcoin ETF on cryptocurrency markets.
The report breaks down the following crypto trends:

Volumes of spot ETF trading have surged globally since the launch of ETFs. Since 11 January, Bitcoin trade volume has hit multiple new multiyear highs, at one point topping $46 billion.

Bitcoin liquidity has increased since the launch of spot ETFs. Since January, as measured by market depth – the quantity of bids and asks on an order book – Bitcoin market depth has surged from approximately $400 million to roughly $500 million across all exchanges.

ETFs can amplify market downturns. If there is an event that triggers large outflows, ETF issuers will need to liquidate their holdings, which could weaken values in crypto markets.

Bitcoin’s halving will likely be positive for its price, if spot ETF inflows remain strong. The launch of the spot ETFs has created a sharp reduction in Bitcoin’s supply. Should ETFs continue to generate large inflows, there will be a bullish impact on Bitcoin’s price posthalving.

Download the full crypto research report here and visit Moody’s website here.


Never Miss An Update

MORE FROM KAIKO

  • Company

    New York

    Kaiko Joins the UK Wholesale Digital Markets Champion Taskforce

    As part of the Task Force Action Group 2, Kaiko will contribute its expertise in institutional-grade market data and data infrastructure to the development of practical secondary-market use cases.

    19/10/2026

    Read More

  • Company

    New York

    Kaiko Brings Its Reference Rates to Private Markets, Powering a 21shares Pre-IPO ETP on Anthropic

    Kaiko brings its reference rates to private markets, powering a 21shares pre-IPO ETP on Anthropic. The Kaiko Anthropic USD Reference Rate (USDT) (London) is Kaiko’s first pre-IPO benchmark embedded in a regulated investment product.

    14/10/2026

    Read More

  • Company

    New York

    S&P Dow Jones Indices and Kaiko Enable First Onchain OTC Swap Referencing a Tokenized Benchmark, Executed by DRW and Marex on Derivnex

    S&P Dow Jones Indices and Kaiko enable the first onchain OTC swap referencing a tokenized benchmark, executed by DRW and Marex on Derivnex. The transaction references the tokenized iBoxx USD Liquid Investment Grade Index and is represented on Derivne...

    13/10/2026

    Read More