ETF expert Balchunas noted that $IBIT traded $3.3 billion, its largest volume in six months. This surge is unusual, given Bitcoin rose 4%, as ETF volumes typically spike during downturns or crises. However, volumes can increase during FOMO-driven frenzies, like $ARKK in 2020. Balchunas attributes the current surge to a FOMO-fueled frenzy, driven by Bitcoin’s price increase over the past few days, and predicts significant inflows this week.
Source: Coindesk
