Blackrock's Spot Bitcoin ETF ended the four -week decline series
Blackrock’s Spot Bitcoin ETF, traded on Nasdaq, IBIT, last week, more than 210 million traders, ending a four -week volume decrease. The Fund only received an investment of $ 1.31 billion last week.
Blackrock’s IBIT ETF broke four -week silence
Blackrock’s Spot Bitcoin ETF, which has become the safe port of corporate investors in crypto markets, ended a four -week volume decrease last week, exhibiting a significant recovery. ETF traded at Nasdaq gained 3.49 %value during the week.
According to TradingView data, the weekly trading volume reached 210.02 million, reaching well above 171.74 million in the previous week. This increase means a 22.2 %leap in the trading volume of the week ending on June 27th. Thus, IBIT, for the first time since mid -May, has recorded volume increase on a weekly basis.
💰 New investment entry of $ 1,31 billion
The rising volume data shows that the interest of investor also revives again. IBIT received a net introduction of $ 1.31 billion last week. This figure has increased over $ 1.23 billion in the previous week. In the entire June, the total amount of investment received by the fund reached 3.74 billion dollars.
This ETF, directed by Blackrock, is one of the most investment in the 11 Spot Bitcoin ETF listed in the USA. When all ETFs were evaluated together, a total of more than $ 4 billion in a total of $ 4 billion in Spot Bitcoin ETFs in the US markets took place. This reveals that the third month investor interest continues to increase.
📊 Technical view: Taurus flag appeared
According to TradingView graphics, a classic bull flag formation occurred in IBIT’s weekly graph. This formation also coincides with the positive technical structure observed in the spot Bitcoin price graph. If a upward break from this flag is confirmed, the rally starts from the bottom levels of around $ 42,980 at the beginning of April.
📌 EVALUATION
The re -volume of IBIT and its support with strong entries shows that corporate investor confidence continues. At the same time, such positive signals in the ETF market during the consolidation process in Bitcoin price can also be a supportive element in terms of pricing.
The re -acceleration of traditional financial giants such as Blackrock in crypto -based products increases medium -term optimistic expectations for the market.
