BlackRock Bitcoin ETF Outflows Hit $2 Billion Over Nine Days
BlackRock's IBIT recorded more than $2 billion in outflows across nine consecutive trading sessions amid broader US spot Bitcoin ETF withdrawals.
BlackRock's IBIT fund has experienced more than $2 billion in outflows over nine consecutive trading sessions, according to data covered by Cointelegraph. The consecutive withdrawals mark a notable shift for the spot exchange-traded fund product.
Broad US ETF Withdrawals
Instant Telegram notifications for large on-chain moves.
Broader US spot Bitcoin ETFs recorded nearly $1.44 billion in withdrawals over a five-day period. Daily figures showed US spot Bitcoin ETF outflows rising to nearly $300 million on Wednesday, up from $95 million the previous day, while five-session withdrawals reached $1.44 billion.
Key facts
- BlackRock's IBIT lost more than $2 billion over nine consecutive trading sessions.
- Broader US spot Bitcoin ETFs recorded nearly $1.44 billion in withdrawals over five days.
- US spot Bitcoin ETF outflows rose to nearly $300 million on Wednesday, up from $95 million a day earlier.
Source: cointelegraph.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
