According to @rovercrc, BlackRock's spot Bitcoin ETF (IBIT) experienced a significant trading volume rebound, snapping a four-week downtrend. For the week ending June 27, IBIT's volume increased by 22.2% to 210.02 million shares, as per TradingView data. This volume surge is coupled with strong investor demand, evidenced by a net inflow of $1.31 billion last week and a total of $3.74 billion for the month, according to SoSoValue. The chart for IBIT shows a bull flag pattern, mirroring the spot BTC price chart and suggesting a potential continuation of the uptrend. In other ETF news, the prospect of a spot Dogecoin (DOGE) ETF is advancing after issuer Bitwise amended its S-1 filing. Bloomberg Intelligence analyst Eric Balchunas noted this is a positive indicator of SEC engagement. The filing was updated to include in-kind creations and redemptions, a more tax-efficient model that Balchunas believes will become standard. Despite this development, DOGE's price fell approximately 2% to $0.16.

According to @KobeissiLetter, former U.S. President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration would work toward 'clear and simple market frameworks' for crypto and Bitcoin (BTC). The source notes Trump also referenced the GENIUS Act to support dollar-backed stablecoins. In a separate development with significant trading implications, ETF issuer Bitwise updated its S-1 filing for a spot Dogecoin (DOGE) ETF. Bloomberg Intelligence's Eric Balchunas was cited, viewing the amendment as a 'good sign' of SEC engagement, which could increase approval chances. The filing was notably amended to include in-kind redemptions, a more efficient mechanism for ETFs. Despite this potentially bullish news, the market reaction was muted, with DOGE's price declining approximately 2% to $0.16.

According to @KobeissiLetter, former President Donald Trump stated his administration will work towards creating 'clear and simple' crypto frameworks during a recorded video at Coinbase's State of Crypto Summit. The source reports that simultaneously, the prospect of a spot Dogecoin (DOGE) ETF is advancing, as ETF issuer Bitwise updated its S-1 regulatory filing. Bloomberg Intelligence analyst Eric Balchunas noted this amendment is a 'good sign' of SEC engagement and potential approval, highlighting the inclusion of in-kind redemptions, a favorable structure for crypto ETFs. Despite this development, the price of DOGE was down approximately 2% to $0.16, as per the report. The broader market also saw a downturn, with Bitcoin (BTC) trading around $105,462, a decrease of over 2% in the last 24 hours.