PANews reported on October 30 that Eric Balchunas, senior ETF analyst at Bloomberg, posted on the X platform that the trading volume of BlackRock's Bitcoin spot ETF IBIT was US$3.3 billion on this trading day, the highest level in six months.

Although ETF trading volume usually surges during economic downturns/crises, Balchunas prefers that this is caused by market FOMO sentiment, which means that there will be more large inflows this week.