Bitcoin ETF Volumes Surge Amid Record Inflows and Increased Liquidity

VanEck's Bitcoin ETF, HODL, experienced a 2,200% surge in trading volumes, reaching over $400 million on Tuesday, ahead of a planned fee reduction. The ETF now holds nearly $200 million worth of bitcoin and ranks third in daily volume behind Grayscale’s GBTC and BlockRock’s IBIT. The surge in trading volumes, driven by individual traders, suggests signs of a retail mania, with Bloomberg Intelligence analyst Eric Balchunas speculating that the increase may be influenced by social media recommendations.