BlackRock’s Bitcoin ETF Sees Record $523M Outflow Amid Market Downturn
BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow since launch, as investors withdrew 523 million single-day outflow, signaling weakening confidence across the crypto market. Bitcoin has fallen nearly 30% from its October peak, pushing US spot ETF investors into the red. Tightening liquidity and macro uncertainty are promp ...