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BlackRock's Bitcoin ETF Loses $165 Million in a Week

Original: BlackRock’s Bitcoin ETF Lost $165 Million in a Week. Is Wall Street Pulling Back?

BlackRock's spot Bitcoin exchange-traded fund reportedly saw $165 million in outflows over a single week, prompting questions about whether institutional investors on Wall Street are reducing their exposure to Bitcoin. Analysts are watching whether the withdrawals mark a broader retreat by traditional finance from crypto products or just routine portfolio rebalancing after earlier strong inflows into the fund.

Why now: Large outflows from the biggest asset manager's Bitcoin fund raise concerns about institutional sentiment toward crypto.

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• BlackRock’s Bitcoin ETF Lost $165 Million in a Week. Is Wall Street Pulling Back? · 24/7 Wall St.

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