Bitcoin ETFs Smash Trading Volume Records During BTC’s Wild Friday Swings
The spot Bitcoin ETFs within the United States set a brand new document when it comes to buying and selling quantity on Friday, which was categorized as “wild however regular” by consultants.
This got here amid turbulent occasions for the underlying asset, which skilled a considerable value volatility that included a drop towards $80,000 and a subsequent restoration of virtually 5 grand.
BTC ETFs See New Record
Bloomberg’s senior ETF analyst Eric Balchunas described the occasions that passed off on the spot Bitcoin ETF entrance as an “eruption” within the buying and selling volumes, with $11.5 billion traded from all of them. After asserting that this was “wild but additionally regular,” he defined what is perhaps the trigger and the way ETFs are liquidation launch valves.
Also no shock document week for Put quantity in $IBIT.. that is one factor that will assist ppl keep the course, they’ll all the time purchase some places as hedge whereas they keep lengthy. This was one thing massive buyers liked about $SPY when it was first launched again in ’90s. pic.twitter.com/eDDXoDvmTv
— Eric Balchunas (@EricBalchunas) November 21, 2025
Somewhat expectedly, the world’s largest BTC ETF was chargeable for the lion’s share, with $8 billion of the entire quantity. IBIT has been on a considerable unfavourable streak for the previous a number of weeks, and yesterday was no exception, with $122 million in web outflows. Interestingly, it has been within the inexperienced solely as soon as out of the previous eight buying and selling days.
Nevertheless, the day turned out to be constructive for the ETFs as a gaggle, with $238.4 million coming into the funds. The week, although, was deep within the pink, with over $1.2 billion in web outflows, according to FarSide information.
BTC Price Update
These withdrawals from the ETFs are among the many explanation why BTC’s value has been falling laborious recently. Recall that the asset entered the earlier enterprise week at $95,000, but it surely dumped laborious by nearly $15,000 within the span of just some days to backside beneath $81,000 on Friday.
Once the New York Fed President John Williams offered some hope that the central financial institution may decrease rates of interest quickly, BTC bounced to round $85,000. Still, the cryptocurrency has plunged by roughly 32% since its all-time high in early October, which raises questions concerning the state of the general market and whether or not the bears are in full management now.
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