BlackRock’s Bitcoin ETF Logs Highest Trading Volume Since November Amid Market Turmoil
BlackRock’s spot Bitcoin ETF (IBIT) recorded its highest trading volume in nearly three months last week, coinciding with a sharp decline in price and significant investor outflows.
According to TradingView data, IBIT saw over 331 million shares traded as its price plunged 11%, breaking below key support at $50.69 before hitting a multi-month low of $46.07.
Investor sentiment also took a hit, with data from Farside Investors showing more than $1 billion in outflows from the fund. Analysts attribute the sell-off to declining Bitcoin futures premiums and broader market uncertainty, which prompted panic selling across multiple U.S.-listed Bitcoin ETFs.
Despite the recent turbulence, IBIT remains the largest Bitcoin ETF globally, holding $39.6 billion in assets under management.
Technical indicators suggest IBIT remains in bearish territory unless it can reclaim the former support level. Traders now look to upcoming market catalysts for potential reversal signals.
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