Bitcoin ETFs in the US experienced a surge in daily trading volume, surpassing $5 billion on August 5. This is the highest trading volume seen since mid-April. Among the ETFs, BlackRock’s IBIT recorded nearly $3 billion in trading volume and increased its assets under management by $172 million. Fidelity’s FBTC followed closely with over $858 million in trading volume. Despite a minor outflow of $148 million, Grayscale’s GBTC still achieved a trading volume of over $693 million, making it the third-largest ETF for the day. While high trading volume on a bad day is seen as an indicator of fear, it also indicates deep liquidity, which is beneficial for long-term investors and institutions. Currently, the Crypto Fear and Greed Index stands at 26 points, reflecting the prevailing fear sentiment among investors.
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Bitcoin ETFs daily trading volume surpasses $5 billion to hit 4-month high
