BlackRock’s BTC ETF Hits Three-Month Peak in Trading Volume

BlackRock’s Bitcoin ETF Hits Three-Month High in Trading Volume as Investors Exit

BlackRock’s spot Bitcoin (BTC) ETF, trading under the IBIT ticker, witnessed a significant spike in trading activity last week, with volume soaring to its highest level since mid-November. This came as the fund’s price tumbled more than 11%, according to TradingView data.

Over 331 million shares exchanged hands as IBIT dropped below its January support level of $50.69, ultimately bottoming out at $46.07—its lowest price since early November.

Investor sentiment appears increasingly bearish, as market fundamentals suggest that rising volume amid declining prices often signals continued downward momentum.

Adding to the pressure, data from Farside Investors revealed that IBIT saw over $1 billion in outflows last week. The sell-off was driven by weakening Bitcoin futures premiums on the CME and panic among traders. Other major U.S.-listed Bitcoin ETFs also recorded substantial outflows.

Despite these losses, IBIT retains its position as the world’s largest Bitcoin ETF, holding $39.6 billion in assets under management.

Technical indicators remain negative, with IBIT’s price now trading below a critical support-turned-resistance level at $50.69. Until it reclaims that threshold, bearish sentiment is likely to persist.