CoinWorld reported on October 3 that Eric Balchunas, a senior ETF analyst at Bloomberg, pointed out that BlackRock's spot Bitcoin 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 referred to as 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.