On Tuesday, spot Bitcoin ETFs recorded their third-highest inflows, adding more than $870 million. Total trading volumes crossed $4.75 billion, the highest since March, with BlackRock’s IBIT accounting for $3.3 billion alone. Bloomberg ETF analyst Eric Balchunas said he expects bigger inflow figures in the coming days.
“$IBIT traded $3.3 billion today, the biggest number in 6 months, which is a bit odd because Bitcoin was up 4%. Typically, ETF volume spikes in a downturn or crisis,” Balchunas wrote on X. “Occasionally, though, volume can spike if there is a FOMO-ing frenzy. Given the surge in price over the past few days, my guess is the latter, which means to look for big inflows this week.”
