BlackRock’s Spot Bitcoin ETF Shatters 4-Week Slump—Volume Revival Sparks Bullish Sentiment

Wall Street's crypto darling just flipped the script.

BlackRock's spot Bitcoin ETF—the IBIT behemoth—has abruptly halted its four-week bleeding streak, with trading volumes surging back like a miner hitting a lucky hash. The reversal comes as institutional players shake off summer doldrums and dip-buyers swarm.

The Lazarus Effect

No one expected the turnaround this fast. After weeks of dwindling flows that had crypto skeptics crowing, the world's largest asset manager just proved Bitcoin's institutional appeal isn't going anywhere—despite what Jamie Dimon's latest rant might suggest.

Numbers Don't Lie

While exact figures stay under wraps (typical Wall Street opacity), insiders confirm volumes smashed through the downtrend. The rally coincides with Bitcoin reclaiming $60K—because nothing gets TradFi's checkbooks out like round-number psychology.

The Cynic's Corner

Of course, this could just be hedgies front-running the inevitable 'Uptober' narrative. But for now? The ETF flows say one thing loud and clear: institutional FOMO survives even the SEC's worst glare.

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.