A total of 12 spot bitcoin ETFs saw significant increases in trading volume, rising from $3 billion on Monday to $4.75 billion. Fidelity’s FBTC ETF saw net inflows of $133.86 million, while Bitwise’s BITB ETF saw $52.49 million, and VanEck’s HODL ETF saw $16.52 million. The ARKB ETF also saw a $12.39 million increase, while the other five ETFs saw no inflows.

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Bloomberg ETF senior analyst Eric Balchunas said on social media platform X that he found IBIT’s large trading volume “a bit unusual.” Balchunas, who noted that ETF trading volumes generally increase during market declines or crises, called the volume increase “a FOMO (fear of missing out) frenzy.” “Considering the price rally in Bitcoin over the last few days, I think this is due to a desire to seize an opportunity. We could see large inflows continue this week,” he added.

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