š Bitcoin ETFs Hit $1 Billion in Trading Volume Amid Market Rollercoaster š¢
Hold onto your hats, crypto enthusiasts! Bitcoin ETFs saw a jaw-dropping surge past $1 billion in trading volume within just 20 minutes on Aug. 5. The iShares Bitcoin Trust led the charge with a whopping $875 million churned. Alex Thorn from Galaxy Digital noted this "extremely elevated" activity as investors rushed to buy the dip after an 8% BTC price drop.
š What's driving this frenzy? Ether's 21% nosedive, thanks to massive sell-offs by Jump Trading and Paradigm VC.
Got thoughts? Drop them in the comments! š¬
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