Cointelegraph reports that BlackRock's Physical Bitcoin ETF IBIT has shown robust market performance in recent pre-open trading sessions, with trading volume surpassing the $35 million mark. This data reflects the interest and confidence of investors in BlackRock's first physically-backed Bitcoin ETF. Specifically, during this period, active buy orders accounted for 46% of total trading volume, while active sell orders made up 22%. This indicates a generally positive market sentiment, with buyers showing strong demand at current prices, and sellers considering exit or rebalancing of their holdings. BlackRock's move is significant for the Bitcoin market and institutional investors, offering a new investment channel for investors and further boosting the recognition of Bitcoin as a mainstream asset. As participation in the market increases, it is expected that BlackRock's IBIT will continue to attract attention and remain a focal point for investors.