Does trading volume mean money flowing into bitcoin ETFs?

In the realm of cryptocurrency and finance, one often encounters various metrics and indicators that purport to measure the market's sentiment or momentum. Among these, trading volume is a crucial metric that captures the level of activity in a given market. However, does trading volume truly represent money flowing directly into Bitcoin Exchange-Traded Funds (ETFs)? This begs the question: Are we merely observing the number of transactions, or are we actually witnessing capital infusions into these investment vehicles? Furthermore, does trading volume account for both buy and sell orders, or is it skewed towards one direction? Understanding the nuances of this metric is essential for investors to make informed decisions in the highly volatile world of crypto assets.