5 Days of Bitcoin ETF Outflows, Brought to You Mostly by BlackRock
Bitcoin (BTC) ETF outflows stretched to a fifth straight day on Wednesday, with $299.8 million leaving US spot funds. BlackRock’s iShares Bitcoin Trust (IBIT) took almost all of the hit. The selling is not spread evenly. Most of the money is leaving a single fund, which leaves BTC short of one of its steadiest buyers. The post 5 Days of Bitcoin ETF Outflows, Brought to You Mostly by BlackRock appeared first on BeInCrypto.
Key Takeaways
- Bitcoin (BTC) ETF outflows stretched to a fifth straight day on Wednesday, with $299.8 million leaving US spot funds.
- BlackRock’s iShares Bitcoin Trust (IBIT) took almost all of the hit.
- The selling is not spread evenly.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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