Bitcoin ETF trading volumes soared to a two-month high, with Santiment reporting a collective trading volume of $5.65 billion in one day for the seven largest Bitcoin ETFs. This surge, noted as the highest since March 24, signifies a growing investor interest in cryptocurrency investment vehicles, marking a shift from the trend of large investors primarily accumulating Bitcoin through on-chain transactions. Grayscale’s GBTC and Fidelity’s FBTC were among the notable contributors, with GBTC seeing a $27 million inflow and FBTC leading with a $131 million inflow. This activity underscores the increasing institutional engagement in Bitcoin ETFs, suggesting a potential for further substantial investments in the future.
