BlackRock’s spot bitcoin exchange-traded fund (ETF) is showing new signs of life after weeks of dwindling activity, pulling in over a billion dollars in fresh cash and reversing a month-long slide in trading volumes.
The fund, IBIT, climbed 3.49% in the week ending June 27. Investors traded roughly 210 million shares during the period, up 22% from the prior week’s tally of 171.7 million shares, according to TradingView data. It’s the first time weekly volumes have increased since mid-May.
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