According to Bloomberg ETF analyst Eric Balchunas released data on the X platform, BlackRock's spot bitcoin ETF IBIT traded at $3.30 billion yesterday (October 29), the highest in six months.
The analyst said: "It's a bit odd as Bitcoin is up 4% (normally ETF trading volumes spike in a downturn/crisis). Occasionally, if there is a FOMO mania (like ARKK in 2020), trading volumes can spike. Given the spike in prices over the past few days, I'm guessing it's the latter, which means there will be [more] large inflows this week".
BlackRock's spot bitcoin ETF traded at $3.30 billion yesterday, the highest in six months
2024-10-29 22:13:35
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