Spot bitcoin ETFs recorded their third-highest inflows on Tuesday, 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 $3.3b today, biggest number in 6mo, which is a bit odd bc btc was up 4% (typically ETF volume spikes in a downturn/crisis),” Balchunas wrote on X. “Occasionally tho volume can spike if there a FOMO-ing frenzy. Given the surge in price past few days, my guess is this is latter, which means look for big inflows this week.”
Similar Posts
Italy Scales Back Crypto Tax Hike, Proposing 28% Capital Gains Levy
The Italian government has reportedly scaled back its plans for…
Shiba Inu Team Member Shares Update On SHIB Eternity Game, TREAT Token
A recent update has revealed that the Shiba Inu team…
Crypto miner Marathon Digital adds $100m in Bitcoin to reserves
Bitcoin mining company Marathon Digital has purchased 0 million worth…
Cathie Wood’s Ark Invest Divests $15M Worth of Coinbase Stock
The latest offloading of Coinbase shares comes amid the part…
SUI Rallies 100%, But Signs Of Fatigue Emerge – Drop Incoming?
Este artículo también está disponible en español. Over the past…
Meme Coin Crash Will Fuel CTO Rise: Fluffington Surges 10,700% After Community Takeover
Fluffington, what? I have never heard of this character before….