“$IBIT traded $3.3b at the moment, greatest quantity in 6mo, which is a bit odd bc btc was up 4% (usually ETF quantity spikes in a downturn/disaster),” Balchunas stated on X. “Often tho quantity can spike if there a FOMO-ing frenzy (a la $ARKK in 2020). Given the surge in value previous few days, my guess is that is latter, which implies search for (extra) large inflows this week.”
