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BlackRock’s Spot Bitcoin ETF Roars Back: 4-Week Volume Slump Ends With a Bang

BlackRock’s Spot Bitcoin ETF Roars Back: 4-Week Volume Slump Ends With a Bang

Author:
CoindeskEN
Published:
2025-06-30 05:57:11
21
2

Wall Street's crypto darling just flipped the script.

BlackRock's spot Bitcoin ETF—the $IBIT behemoth—just snapped its brutal four-week outflow streak. Volume's surging again as institutional players pile back in, proving even Wall Street's 'smart money' can't resist crypto's siren song when the charts turn green.


The comeback kid

Trading desks are buzzing as the world's largest asset manager proves Bitcoin ETFs aren't just a bull market gimmick. The reversal comes just as crypto skeptics were drafting obituaries for institutional interest.


Same game, new players

Funny how fast 'too risky' becomes 'must-have allocation' when prices start climbing. BlackRock's sudden volume spike suggests their private wealth clients finally got tired of watching crypto natives stack gains while their bond portfolios collect dust.

One ETF flow reversal doesn't make a bull market—but it sure kicks the legs out from under the 'institutions are over crypto' narrative. Now if only traditional finance could decide whether digital assets are the future or a fraud before the next cycle... but that would require coherence.

IBIT's weekly chart with trading volumes. (TradingView/CoinDesk)

The chart shows that IBIT has formed a bull flag, mimicking 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.

|Square

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