📉 **Crypto Markets in Panic: ETF Volumes Soar**
- Bitcoin and Ether ETF trading volume in the US reached almost $6 billion on August 5.
- Bitcoin ETF: $5.24 billion, half of which is from BlackRock’s iShares Bitcoin Trust.
- Ether ETF: $715.3 million, with Grayscale and BlackRock leading.
- Analysts warn: “crazy volume” during a crisis is a sign of fear.
- The price drop began on August 4 due to large transfers of Ether to exchanges.
Source: CoinGlass, Bloomberg, CoinMarketCap