BlackRock’s Bitcoin ETF in Red for the First Time Since May
08/30/2024 14:54
BlackRock's Bitcoin ETF has recorded its second day with negative flows since its inception
BlackRock's Bitcoin ETF has recorded its second day with negative flows since its inception
On Thursday, BlackRock's groundbreaking Bitcoin ETF recorded its first negative flows since May.
Overall, Bitcoin ETFs saw $71.8 million worth of outflows yesterday.
The iShares Bitcoin Trust ETF recorded $13.51 worth of outflows on Thursday, according to recent data.
Related
Notably, ARK 21Shares Bitcoin ETF (ARKB) was the only Bitcoin ETF in the green on Tuesday. This came after this product experienced significant outflows on
As reported by U.Today, IBIT became the fastest ETF to reach $10 billion worth of assets under management.
In June, BlackRock's Bitcoin ETF surpassed $20 billion worth of AUM.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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