By |Edited by
Jun 30, 2025, 5:57 a.m.
- BlackRock’s spot bitcoin ETF, listed as IBIT on Nasdaq, increased by 3.49% last week, breaking a four-week decline in trading volumes.
- IBIT saw a net inflow of $1.31 billion last week, contributing to a total of $3.74 billion in investor funds this month.
BlackRock’s spot bitcoin
exchange-traded fund(ETF)listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes.
A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week’s volume tally of 171.74 million shares, according to data source TradingView. That’s the first weekly growth since the third week of May.
STORY CONTINUES BELOW
The renewed upswing in volume comes amid continued demand for the ETF. Last week, IBIT registered a , following the preceding week’s tally of $1.23 billion. The largest publicly listed fund has amassed $3.74 billion in investor money this month, according to data source SoSoValue.
The 11 spot ETFs listed in the U.S. have collectively registered a net inflow of over $4 billion this month, marking the third consecutive monthly inflow.
The chart shows that IBIT has formed a bull flag, the bullish continuation pattern on the spot BTC price chart.
A breakout, if confirmed, would signal an extension of the bull run from early April lows near $42.98.
Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
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