Bitcoin ETFs Record Third-Highest Inflows, Adding Over $870 Million
Spot bitcoin ETFs experienced their third-highest inflows on Tuesday, with more than $870 million added. The total trading volumes surpassed $4.75 billion, the highest since March, with BlackRock’s IBIT contributing $3.3 billion alone. Bloomberg ETF analyst Eric Balchunas anticipates larger inflow figures in the coming days.
Balchunas wrote on X, “$IBIT traded $3.3b today, biggest number in 6mo, which is a bit odd bc btc was up 4% (typically ETF volume spikes in a downturn/crisis). Occasionally tho volume can spike if there a FOMO-ing frenzy. Given the surge in price past few days, my guess is this is latter, which means look for big inflows this week.”
Read more: [Bitcoin ETFs Record $870M Inflows as BTC Flirts With Lifetime Highs](https://www.coindesk.com/markets/2024/10/30/bitcoin-etfs-record-870m-inflows-as-btc-flirts-with-lifetime-highs/)
