BlackRock Bitcoin ETF outflows hit $1.66B over seven trading sessions
Summary
United States spot Bitcoin exchange-traded funds experienced a daily outflow of over two hundred million dollars. This decline was driven by seven consecutive sessions of net withdrawals from BlackRock's fund, which accumulated billions in losses during the period.
US spot Bitcoin ETFs shed $201 million Monday, with seven straight sessions of net withdrawals from BlackRock’s IBIT totaling $1.66 billion.
Source: Read the full story at Cointelegraph.com News
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.