Crypto

BTC ETFs Record Massive $870 Million Inflows

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.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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