BlackRock’s Spot Bitcoin ETF Snaps Four-Week Downtrend in Volumes

Markets

Share this article

By Omkar Godbole|Edited by Parikshit Mishra

Jun 30, 2025, 5:57 a.m.

Trading chart (Nicholas Cappello/Unsplash)
  • BlackRock’s spot bitcoin ETF, listed as IBIT on Nasdaq, increased by 3.49% last week, breaking a four-week decline in trading volumes.
  • IBIT saw a net inflow of $1.31 billion last week, contributing to a total of $3.74 billion in investor funds this month.

BlackRock’s spot bitcoin

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’s volume tally of 171.74 million shares, according to data source TradingView. That’s the first weekly growth since the third week of May.

jwp-player-placeholder

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

The renewed upswing in volume comes amid continued demand for the ETF. Last week, IBIT registered a net inflow of $1.31 billion, following the preceding week’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.

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.

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.

Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

CoinDesk News Image

 

Leave a Reply

Your email address will not be published. Required fields are marked *