Bitcoin ETFs shed $2.35B in 2 weeks, BlackRock’s losing streak hits 11
Summary
US spot Bitcoin ETFs experienced significant withdrawals at the end of the week, adding to heavy losses over the previous fortnight. Funds managed by BlackRock and Fidelity both suffered capital departures during this latest trading session. This downward movement extends a prolonged stretch of negative flows for BlackRock's specific product.
US spot Bitcoin ETFs recorded $185.4 million in net outflows Friday, with BlackRock’s IBIT accounting for $143.5 million and Fidelity’s FBTC shedding $41.9 million.
Source: Read the full story at Cointelegraph.com News
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