BlackRock’s Spot Bitcoin
Exchange-traded funds (ETF) IBIT listed on Nasdaq last week fell 3.49% and rose 3.49% on Nasdaq, declining a four-week downtrend under trading volume.
According to data from the data source trading view, a total of 210.2 million shares changed hands in the week ending June 27, an increase of 22.2% from the previous week’s 171.74 million shares. This is the first weekly growth since the third week of May.
The number of updates increases in the context of continued demand for ETFs. Last week, Ibit registered Net inflows of US$1.31 billionAfter the votes in the previous week were $1.23 billion. Data source Sosovalue said the largest publicly listed fund this month has accumulated $3.74 billion in investor funds.
The 11 ETFs listed in the United States collectively claimed net inflows of more than $4 billion this month, marking the third consecutive monthly inflow.
The chart shows that Ibit has formed a bull flag imitate Bullish continuation pattern on the BTC price chart.
If confirmed, the breakout would indicate that the Bull Bulls’ extension approached $42.98 from its early April low.
