✉news BusinessCrypto first seen 4 d ago, last 4 d ago, peak #5
Bitcoin ETFs shed $65 million in a day, all from BlackRock fund
Original: Bitcoin ETFs Lost $65 Million In A Day. One BlackRock Fund Accounted For Every Dollar.
US spot Bitcoin exchange-traded funds recorded roughly $65 million in net outflows in a single day, and the entire loss came from BlackRock's iShares Bitcoin Trust. The report has drawn attention because BlackRock's fund has been the largest and most consistent destination for institutional Bitcoin money, so an outflow of any size is being read as a possible shift in institutional sentiment toward crypto.
Why now: Outflows from BlackRock's flagship Bitcoin ETF are being read as a signal of changing institutional appetite for crypto.
BlackRockiShares Bitcoin TrustBitcoinBitcoin ETFs
Evidence
- Bitcoin ETFs Lost $65 Million In A Day. One BlackRock Fund Accounted For Every Dollar. · Yahoo Finance
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