Analyst: BlackRock's IBIT daily turnover reached 3.3 billion US dollars, more large inflows are expected this week
Bloomberg senior ETF analyst Eric Balchunas posted on platform X, stating that the trading volume of BlackRock's Bitcoin spot ETFIBIT reached $3.3 billion this trading day, setting a record high in six months. Although the volume of ETF trades usually surges during economic downturns/crises, Balchunas is more inclined to believe that this is due to market FOMO sentiment, which means there will be more large inflows this week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Michael Saylor releases Bitcoin Tracker information again, may disclose additional holdings data next week
BNB Chain: Fourier hard fork version has been released and is scheduled to go live on the testnet on November 10
Visa and Mastercard to reach settlement with US merchants to lower credit card payment fees
MIT brothers' $25 million Ethereum fraud trial declared a mistrial
Trending news
MoreCrypto prices
More
