According to Eric Balchunas, $IBIT is set to record its second biggest trading volume day ever, with a potential to surpass its previous all-time high from January 23, when Bitcoin also hit a new ATH (source: Twitter - Eric Balchunas, May 21, 2025). This surge reflects a classic trading frenzy as Bitcoin reaches new highs, driving significant inflows and causing all Bitcoin ETFs to trade at elevated volumes, with most expected to see twice their average activity. These heightened ETF flows indicate increased institutional interest and liquidity, which could impact spot Bitcoin prices and broader crypto market volatility.

According to Farside Investors, Ark's Bitcoin ETF experienced a significant daily net outflow of US$130.8 million on April 30, 2025. This marks one of the largest single-day outflows for Ark’s spot Bitcoin ETF this quarter, signaling decreased investor confidence and potential short-term downward pressure on Bitcoin prices. Traders should closely monitor ETF flow data as large outflows often precede increased volatility in the underlying BTC spot market. Source: Farside Investors (@FarsideUK), April 30, 2025.