Blackrocks Spot Bitcoin
Exchange-Traded Fund (ETF) Listed on Nasdaq During Ticker-ABIT, 3.49% rose last week and broke a four-week downward downtend in trading volumes.
A total of 210.02 million shares changed hands in the week ending June 27, recording a growth of 22.2% from the previous week’s volume mood of 171.74 million shares, according to Data Source Trading. It is the first weekly growth since the third week of May.
The renewed recovery in volume comes in the midst of continued demand for ETF. Last week, Ibit recorded a net influx of $ 1.31 billion following the previous week’s $ 1.23 billion. The largest listed fund has raised $ 3.74 billion in investor money this month, according to Data Source Sosovalue.
The 11 SPOT -TFs listed in the United States have compiled a net flow of over $ 4 billion this month, marking the third consecutive monthly influx.
The diagram shows that Ibit has formed a bull flag that mimics the bullish continuation pattern on site BTC price diagram.
A breakout, if confirmed, would signal an extension of the bull pad from the beginning of April lower near $ 42.98.
