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BlackRock’s Spot Bitcoin ETF Shatters 4-Week Slump with Surging Volumes

BlackRock’s Spot Bitcoin ETF Shatters 4-Week Slump with Surging Volumes

Coindesk
Author:
Coindesk
Release Time:
2025-06-30 05:57:11
0

Wall Street's crypto darling just woke up—and it's thirsty.

After a month-long hibernation, BlackRock's spot Bitcoin ETF is roaring back to life. Trading volumes are spiking, defying the lethargic trend that had analysts whispering about 'institutional fatigue.'

The comeback kid

Nobody puts Bitcoin in a corner—least of all the world's largest asset manager. This rebound screams one thing: when traditional finance titans dabble in crypto, they play the long game (between martini lunches, naturally).

Volatility? More like opportunity

The ETF's resurgence proves what crypto natives knew all along: institutional money flows where the alpha is. Even Goldman Sachs can't resist a good FOMO trade when it's wrapped in a regulatory-approved package.

Closing thought: Maybe Wall Street finally realized—after three rate cuts and two recessions—that 24/7 markets beat golf-course deals any day.

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.

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