The BlackRock Bitcoin ETF (IBIT) is causing a significant buzz in the US market. Thanks to this ETF, there's a growing sense of FOMO, or fear of missing out, among investors. IBIT recorded an impressive $3.3 billion in trading volumes recently, marking a six-month high.
In particular, the last couple of weeks have shown tremendous activity for IBIT. This surge in trading volumes has positioned it as a key player in the Bitcoin market.
ETFs like IBIT make it simpler for institutional investors to participate in the Bitcoin market, which in turn can drive broader market trends.
