The ibit stock price reaction today reflects correlation with Bitcoin’s rebound above $67, BlackRock's iShares Bitcoin Trust exchange-traded funds (ETFs) (NASDAQ: IBIT) have leapfrogged Deribit, the top crypto-native derivatives exchange, to become the largest venue for Bitcoin options by notional open interest. BlackRock’s IBIT led the session with $466.55 million in net inflow, pushing its cumulative total to $61.84 billion. Yesterday’s close for ibit stock price at $41.28 confirmed a fourth consecutive green candle. Technicians see a pattern resembling an ascending triangle on the 4-hour chart, which could imply further upside potential.
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