- BlackRock’s IBIT ETF purchased 1,230 BTC worth $147.4 million on July 28, significantly increasing its total Bitcoin holdings.
- The ETF broke a four-week decline in trading volumes with a 22.2% rise, indicating renewed investor interest in digital assets.
- IBIT drew $1.31 billion in net inflows last week alone, contributing to a $3.74 billion total this month amid bullish market momentum.
BlackRock’s spot Bitcoin exchange-traded fund, trading under the ticker IBIT on Nasdaq, acquired 1,230 BTC valued at $147.4 million on July 28. This latest purchase brings the ETF’s total Bitcoin holdings to over 739,000 coins. The move reflects the firm’s continued commitment to expanding its digital asset portfolio.
IBIT registered a 22.2 percent increase in trading volume last week, ending a four-week downtrend. According to TradingView data, 210.02 million shares changed hands for the week ending June 27, compared to 171.74 million in the previous week. This increase marks the first volume growth since mid-May, indicating a revival in market activity around the ETF.
Net Inflows Cross $1.3 Billion in One Week
Investor demand for IBIT has remained strong. The ETF attracted $1.31 billion in net inflows last week, following $1.23 billion the week before. Data from SoSoValue shows IBIT has accumulated $3.74 billion in net inflows for the month. This figure underscores continued confidence among institutional and retail investors.
The combined net inflows into the 11 spot Bitcoin ETFs in the United States have surpassed $4 billion so far this month. This marks the third month in a row with positive inflows for the broader ETF segment. BlackRock’s IBIT continues to lead the group in both volume and total asset growth.
Technical Indicators Show Bullish Pattern
Chart analysis shows IBIT forming a bull flag pattern, aligning with similar movements in the spot Bitcoin market. A confirmed breakout could suggest a further price rally, extending gains seen since early April when Bitcoin traded near $42,980.
The recent uptick in volume, coupled with strong net inflows and fresh Bitcoin acquisitions, positions BlackRock’s IBIT ETF as a key player in the evolving digital asset investment landscape. Its performance signals robust institutional interest ahead of the coming trading period.
