BlackRock’s Bitcoin ETF Sees Record Trading Volume as Price Sinks to 3-Month Low
BlackRock’s spot Bitcoin ETF (IBIT) experienced a surge in trading activity last week, marking its highest volume since mid-November, as investors reacted to sharp price declines.
According to TradingView data, over 331 million shares of IBIT changed hands as the fund’s price tumbled 11%, breaching the critical $50.69 support level before hitting a low of $46.07.
Data from Farside Investors revealed that IBIT also suffered over $1 billion in outflows, as concerns over weakening CME futures premiums and broader market instability fueled risk-off sentiment. Other Bitcoin ETFs saw similar redemptions, reflecting broader investor caution.
Despite the sell-off, IBIT remains the world’s largest Bitcoin ETF, managing $39.6 billion in assets. However, analysts caution that the technical outlook remains bearish unless the fund can reclaim key resistance levels.
With heightened volatility in both traditional and crypto markets, traders now await further economic signals that could dictate IBIT’s next move.
