BlackRock Bitcoin ETF records $114 million in net outflows amid market volatility
Crypto Briefing
BlackRock's Bitcoin ETF experienced $114 million in net outflows on Friday due to market volatility.Summary
BlackRock’s iShares Bitcoin Trust (IBIT) recorded approximately $114 million in net outflows on Friday, reflecting ongoing volatility and a reduction in institutional appetite for Bitcoin exposure. This significant withdrawal is part of a broader trend where investors across US spot Bitcoin ETFs have been reducing their digital asset holdings amid the current crypto market downturn. Despite the substantial outflows from IBIT, the overall group of US-listed spot Bitcoin ETFs still managed to see net inflows of about $71 million on the same day, primarily driven by funds managed by Fidelity, ARK Invest, and Grayscale.
(Source：Crypto Briefing)