September 21, 2019 Bitwise issues updated market landscape report in ETF bid.

A prior Bitwise report claimed that up to 95% of reported BTC volume on data aggregators such as CoinMarketCap was fake or due to wash trading. This report continues to make the case that spot BTC markets form a single price, with significantly decreased average price deviation over the past year, and that CME BTC futures represent a substantial segment of the market, presently over 20% of the ‘Real 10’ spot volumes. Bitwise’s ETF application is still under consideration by the SEC, with a decision required by October 13; VanEck and SolidX withdrew their proposal this week.