
On October 29, combined trading volumes in the U.S. financial markets reached $4.75 billion, marking the highest level since March. The cryptocurrency ETF $IBIT was a significant contributor, accounting for $3.3 billion of this volume, which is noted as a six-month high. In the broader ETF landscape, U.S. Large Cap ETFs attracted over $6 billion in inflows last week, while the Consumer Cyclical Sector ETFs experienced the largest net outflows of $2.3 billion. Sector performance varied, with Technology ($XLK), Financials ($XLF), and Real Estate ($XLRE) facing outflows, while Consumer Staples ($XLP) and Utilities ($XLU) saw inflows, indicating a shift toward perceived safer investments. Over the past week, the largest inflows were recorded in the ETFs $IVV ($2.9 billion), $VOO ($1.7 billion), and $AGG ($1.5 billion). Notably, $IBIT led all 13,227 ETFs globally in cash inflows, surpassing established funds like $VOO and $IVV. The overall trading environment has shown remarkable growth, with one exchange reporting a record month with $700 million in trading volume, reflecting a staggering 70,000% year-to-date growth and over $200 million in open interest.
🚨🚨 October Exchange Update 🚨🚨 Record month -$700M in trading volume = 70,000% growth YTD 2024 -35% MoM growth 56 option markets listed (54 altcoins, BTC, ETH) 45,000 option instruments available for trading Record open interest > $200M
$IBIT w/ most inflows of all 13,227 ETFs 💥 https://t.co/XaJcybcAsB
$IBIT is the new $VOO https://t.co/dPNgv07KUL




