Bloomberg analysts: BlackRock's IBIT and gold ETFs both ranked in the top ten in trading volume yesterday

ChainCatcher news, according to CoinDesk, Bloomberg's senior ETF analyst Eric Balchunas stated that BlackRock's Bitcoin spot ETF (IBIT) and SPDR Gold ETF (GLD) both made it into the top 10 of all ETFs in trading volume on Thursday (October 2), which he called a "rare phenomenon."

Balchunas believes this indicates that investors are actively flocking to "hard assets" that can resist the devaluation of fiat currency.

Data shows that GLD's trading volume yesterday was $4.88 billion, ranking fourth; IBIT's trading volume was $3.21 billion, ranking seventh.