BlackRock Bitcoin ETF Sees $114 Million Outflow Amid Market Volatility
- Around $114 million was withdrawn from BlackRock’s Bitcoin ETF on Friday, reflecting market volatility.
- The outflows indicate a decreasing institutional appetite for Bitcoin exposure.
- US spot Bitcoin ETFs have experienced notable outflows in recent weeks.
- Despite the selloff, US-listed spot Bitcoin ETFs ended the day positively due to fresh inflows into funds by Fidelity, ARK Invest, and Grayscale, totaling approximately $71 million.
The withdrawal of $114 million from BlackRock’s Bitcoin ETF highlights ongoing volatility and reduced institutional interest in Bitcoin. However, other US-listed spot Bitcoin ETFs saw gains due to new inflows.
Source (3.2)https://cryptobriefing.com/blackrock-clients-offload-114-million-bitcoin-volatility/?rand=59535
