BlackRock’s Bitcoin ETF Records Strongest Trading Volume Since December

BlackRock’s Bitcoin ETF Sees Record Trading Activity Amid $1B Investor Exodus

BlackRock’s Bitcoin ETF (IBIT) experienced its highest trading volume in three months last week, coinciding with a sharp price drop and heavy investor outflows.

According to TradingView data, IBIT shed over 11% in value, with 331 million shares changing hands. The ETF broke below its key $50.69 support level, hitting a low of $46.07—its weakest point since early November.

This surge in trading activity came alongside significant investor withdrawals. Data from Farside Investors show that IBIT saw over $1 billion in outflows, as traders reacted to falling Bitcoin futures premiums and growing market uncertainty. Other spot Bitcoin ETFs in the U.S. also experienced capital flight.

Despite the downturn, IBIT remains the dominant Bitcoin ETF, boasting $39.6 billion in assets under management.

Technical indicators suggest a bearish outlook, as IBIT struggles to reclaim its former support level. Until a decisive breakout occurs, traders may brace for further downside.

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