Bitcoin ETF Investors Feel FOMO Amid Bitcoin Surge 🚀

On October 29, trading volume in U.S. spot exchange-traded funds (ETFs) reached a six-month high of $3.3 billion, according to Bloomberg ETF market analyst Eric Balchunas. During the U.S. trading session, Bitcoin rose by 4%, and Balchunas noted that such ETF volume spikes are more typical during market crises and downturns 📉. However, the situation can shift if investors experience the “Fear of Missing Out” (FOMO) 😬, he added.

As of October 29, spot Bitcoin ETFs saw an inflow of $870 million in new capital — the third-largest daily inflow since their launch in January. Most of the investor funds ($642 million) went to BlackRock’s IBIT fund 📈.