BlackRock's Spot Bitcoin ETF (IBIT) experienced a 3.49% increase last week, marking a break from a four-week decline in trading volumes. The ETF saw a net inflow of $1.31 billion, contributing to a total of $3.74 billion raised in investor funds this month. During the week ending June 27, 210.02 million IBIT shares were traded, showing a 22.2% growth compared to the previous week. This increase is significant as it represents the first weekly growth since mid-May. The uptick in volume aligns with rising demand for the ETF, which has also seen its total monthly inflows peak. The 11 spot ETFs in the U.S. have collectively garnered over $4 billion this month, sustaining a trend of monthly inflows. An analysis of the market shows that IBIT has formed a bullish continuation pattern, and a confirmed breakout could further extend the ongoing bull run started in early April.

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