**Bitcoin ETF Trading Volume Hits Record High Amid FOMO Frenzy**

On October 29, BlackRock's Bitcoin ETF saw its daily trading volume skyrocket to $3.35 billion, the highest in over six months. This surge is attributed to panic buying as Bitcoin (BTC) trades near its all-time high of $72,390.

- Bloomberg ETF analyst Eric Balchunas confirmed the speculative frenzy, noting BlackRock's daily inflows reached $599.8 million.

- Across 11 spot Bitcoin ETFs in the US, total inflows hit $827 million, according to CoinGlass.

- Galaxy Digital’s Alex Thorn highlighted that October 29 marked the third highest Bitcoin ETF trade volume day since April 2024.

Overall, spot Bitcoin ETFs in the US recorded a combined trading volume of $4.64 billion, with BlackRock's ETF representing 38%. Despite the high trading volume, this doesn't necessarily indicate new capital inflows. Bitcoin's price surge above $70,000 for the first time since June has traders on edge, watching closely for new market movements.