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✉news BusinessCrypto first seen 15 h ago, last 39 min ago, peak #4

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 recorded roughly $165 million in outflows over the past week, raising questions about whether institutional investors on Wall Street are scaling back their exposure to cryptocurrency. The fund had been one of the main vehicles drawing mainstream money into Bitcoin since its launch, so a sustained pullback would be read as a notable shift in sentiment toward crypto assets among large investors.

Why now: Outflows from the largest Bitcoin ETF are being read as a possible signal of waning institutional appetite for crypto.

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