The counterfeit data reported on stock exchanges is also a key factor behind the reluctance of the Securities and Exchange Commission (SEC) to approve the ETFs based on Bitquin or even alternative digital currencies.
what is bitquin?
anyway, the solution for this fake volume problem is either: enforce regulation so that each exchange must report their volume and be transparent about it with strict punishment if they fake it, or use a dex.
on top of that, the sec should approve any exchanges that aim to comply with regulation and provide real volume, such as Bakkt (if they're honest). that's the only way to remove the fake volume and signal a green light to bitcoin etf at the same time.