Bitcoin ETF trading volumes exceeded $1 billion at the start of trading on August 5, sparking "extremely high" activity, reports Galaxy Digital's Alex Thorne. 🪙

- In the first 20 minutes, volumes reached $1.3 billion, with iShares Bitcoin Trust at $875 million.

- Thorne expects an influx of funds due to “buying the dip” despite the 8% decline in BTC prices.

- Ether (ETH) fell 21% after massive selling from Jump Trading and Paradigm VC.

Source: CoinMarketCap