8 hours ago
BlackRock's spot bitcoin (BTC) exchange-traded money (ETF) listed connected Nasdaq nether the ticker IBIT roseate 3.49% past week, snapping a four-week downtrend successful trading volumes.
A full of 210.02 cardinal shares changed hands successful the week ended June 27, registering a 22.2% maturation from the preceding week's measurement tally of 171.74 cardinal shares, according to information root TradingView. That's the archetypal play maturation since the 3rd week of May.
The renewed upswing successful measurement comes amid continued request for the ETF. Last week, IBIT registered a net inflow of $1.31 billion, pursuing the preceding week's tally of $1.23 billion. The largest publically listed money has amassed $3.74 cardinal successful capitalist wealth this month, according to information root SoSoValue.
The 11 spot ETFs listed successful the U.S. person collectively registered a nett inflow of implicit $4 cardinal this month, marking the 3rd consecutive monthly inflow.
The illustration shows that IBIT has formed a bull flag, mimicking the bullish continuation signifier connected the spot BTC terms chart.
A breakout, if confirmed, would awesome an hold of the bull tally from aboriginal April lows adjacent $42.98.
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