{"id":34309,"date":"2025-06-30T06:16:56","date_gmt":"2025-06-30T06:16:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34309"},"modified":"2025-06-30T06:16:56","modified_gmt":"2025-06-30T06:16:56","slug":"blackrocks-spot-bitcoin-etf-snaps-four-week-downtrend-in-volumes","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34309","title":{"rendered":"BlackRock&#8217;s Spot Bitcoin ETF Snaps Four-Week Downtrend in Volumes"},"content":{"rendered":"<div>\n<p>BlackRock&#8217;s spot bitcoin (BTC) exchange-traded fund (ETF) listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes.<\/p>\n<p>A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week&#8217;s volume tally of 171.74 million shares, according to data source TradingView. That&#8217;s the first weekly growth since the third week of May.<\/p>\n<p>The renewed upswing in volume comes amid continued demand for the ETF. Last week, IBIT registered a <a href=\"https:\/\/sosovalue.com\/bigChart\/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&amp;coin=BTC&amp;page=usBTC\">net inflow of $1.31 billion<\/a>, following the preceding week&#8217;s tally of $1.23 billion. The largest publicly listed fund has amassed $3.74 billion in investor money this month, according to data source SoSoValue.<\/p>\n<p>The 11 spot ETFs listed in the U.S. have collectively registered a net inflow of over $4 billion this month, marking the third consecutive monthly inflow.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/cb5512cbc6d0a45f0a712992c94993385022a792-2848x1292.png?auto=format\" alt=\"IBIT's weekly chart with trading volumes. (TradingView\/CoinDesk)\" title=\"IBIT's weekly chart with trading volumes. (TradingView\/CoinDesk)\"><\/p>\n<p>The chart shows that IBIT has formed a bull flag, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/26\/bitcoin-s-podium-ready-bull-flag-hints-at-price-boom-to-usd140k\">mimicking<\/a> the bullish continuation pattern on the spot BTC price chart.<\/p>\n<p>A breakout, if confirmed, would signal an extension of the bull run from early April lows near $42.98.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8217;s spot bitcoin (BTC) exchange-traded fund (ETF) listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes. A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week&#8217;s volume tally of 171.74 million shares, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34309","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34309"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34309\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}