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CryptoIntelligence 2024-11-08 08:33:00

BlackRock’s BTC ETF Has 6th Day of Net Outflows Since January Launch

BlackRock’s BTC ETF Has 6th Day of Net Outflows Since January Launch

BlackRock’s spot Bitcoin exchange-traded fund (ETF) saw its sixth day of net outflows since launching in January, as institutional investors turned cautious on U.S. election day. According to CoinGlass, BlackRock’s iShares Bitcoin Trust recorded an outflow of $44.2 million on Nov. 5. This marked the ETF’s first net outflow since Oct. 10, when $10.8 million exited the fund. Across all 11 U.S. spot Bitcoin ETFs, net outflows reached $116.8 million, with Fidelity Wise Origin Bitcoin Fund leading the trend with a $68.2 million outflow. Bitwise Bitcoin ETF was the only fund to record an inflow, bringing in $19.3 million. It

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