Spot bitcoin ETFs achieved their third-highest inflows, adding over $870 million, with total trading volumes reaching $4.75 billion, the highest since March. BlackRock’s IBIT accounted for $3.3 billion of the total trading volume.
Bloomberg ETF analyst Eric Balchunas anticipates larger inflow figures in the coming days. He noted that IBIT traded $3.3 billion, its largest volume in six months, which is unusual given the 4% increase in bitcoin’s price. Typically, ETF volumes surge during downturns or crises. However, Balchunas attributes the current spike to a FOMO-induced frenzy, driven by the recent price surge, and expects significant inflows this week.
