Today, $IBIT saw a notable increase in trading volume, reaching $3.3 billion. This surge represents the highest volume in the past six months. Interestingly, this spike occurred while Bitcoin’s price was up by 4%, which is uncommon as typically ETF volume spikes during market downturns or crises.
Eric Balchunas commented on this unusual occurrence, stating, “Occasionally, volume can spike due to a FOMO-ing frenzy, as seen with $ARKK in 2020.” Balchunas further speculated that the recent surge in $IBIT’s price may have led to this increased volume, indicating a potential influx of significant inflows in the coming days.
Advertisement Banner
