Bitcoin's reputation, at least in the mainstream, is nearly synonymous with volatility. However, the cryptocurrency's once-wild weekends may be a thing of the past, as in 2024, trading volume on weekends has sunk to its lowest level in bitcoin's history.

While in 2019 up to 28% of bitcoin trading volume took place on the weekends, this past year that number has been only 16%, according to a new report from cryptocurrency research firm Kaiko. 

The report identifies several factors contributing to the decline, including the launch of spot Bitcoin ETFs. While crypto markets are available around the world at any time, ETF trading only happens while the stock market is open during the week. In the fourth quarter of 2023, when these products launched, Kaiko researchers observed that …