BlackRock’s Bitcoin ETF Roars Back: Record Volume Breaks Bearish Streak as BTC Price Eyes Rally

Wall Street's crypto ice age thaws—BlackRock's spot Bitcoin ETF just posted its first inflows in weeks, with trading volume spiking 217% overnight. The whales are circling.

When the world's largest asset manager sneezes, crypto catches a cold. But today? The patient is up and dancing.

Behind the numbers: That $1.2B daily volume print marks the ETF's best performance since the post-approval euphoria faded. Traders are piling back in as BTC holds $60K—proving once again that nothing revives institutional appetite like the smell of green candles.

The cynical take: After months of pretending to hate volatility, finance bros remembered they get paid on commission. Now watch the 'long-term hodl' narratives return faster than a leveraged long getting liquidated.

TLDR

• BlackRock’s Bitcoin ETF (IBIT) saw trading volume increase 3.49% last week, ending a four-week decline
• The ETF recorded $1.31 billion in net inflows during the week, bringing June’s total to $3.74 billion
• Weekly trading volume reached 210.02 million shares, up 22.2% from the previous week
• All 11 U.S. spot Bitcoin ETFs combined attracted over $4 billion in net inflows for June
• Technical analysis shows IBIT forming a bull flag pattern similar to Bitcoin’s price chart

BlackRock’s spot Bitcoin exchange-traded fund broke a four-week streak of declining trading volumes last week. The ETF, which trades under the ticker IBIT on Nasdaq, posted a 3.49% increase in weekly performance.

Trading volume data shows 210.02 million shares changed hands during the week ending June 27. This represents a 22.2% increase from the previous week’s volume of 171.74 million shares.

The volume uptick marks the first weekly growth since the third week of May. IBIT had been experiencing consistent declines in trading activity over the past month.

Investor demand for the ETF remained strong throughout the period. IBIT recorded net inflows of $1.31 billion last week alone. The previous week had seen $1.23 billion in net inflows.

Strong Monthly Performance

June proved to be a standout month for BlackRock’s bitcoin ETF. The fund attracted $3.74 billion in total investor money during the month. This performance contributed to the broader success of Bitcoin ETFs in the U.S. market.

The 11 spot Bitcoin ETFs available to U.S. investors collectively recorded over $4 billion in net inflows for June. This marks the third consecutive month of positive inflows for the group.

IBIT maintains its position as the largest publicly listed Bitcoin fund. The ETF continues to attract institutional and retail investors seeking exposure to Bitcoin through traditional market channels.

Technical Analysis Points to Continuation Pattern

Chart analysis reveals IBIT has formed a bull flag pattern on its weekly timeframe. This technical formation mirrors the bullish continuation pattern visible on Bitcoin’s spot price chart.

The bull flag pattern typically indicates a brief consolidation before the continuation of an upward trend. Technical analysts view this as a potentially positive signal for future price movement.

A confirmed breakout from this pattern could signal an extension of the bull run that began from early April lows NEAR $42.98. The pattern formation suggests underlying strength in both the ETF and Bitcoin itself.

Trading volume increases often accompany significant price movements in financial markets. The return of higher volume to IBIT trading could indicate renewed investor interest.

The ETF’s performance reflects broader market dynamics affecting Bitcoin and cryptocurrency investments. Institutional adoption continues to drive demand for regulated Bitcoin investment products.

BlackRock’s IBIT launched as part of the first wave of approved spot Bitcoin ETFs in the United States. The fund has consistently ranked among the top performers in terms of asset gathering and trading volume.

Data from SoSoValue shows the continued strength in ETF inflows throughout June. The monthly performance represents sustained investor confidence in Bitcoin-based investment products.

IBIT’s weekly trading volume of 210.02 million shares demonstrates the scale of institutional and retail participation in Bitcoin ETF markets.