BlackRock’s iShares Bitcoin Trust (IBIT) is undergoing its longest streak of weekly outflows since its January 2024 launch, with over $2.7 billion withdrawn in five weeks. This marks a significant change in institutional investors' attitude toward Bitcoin, triggered by a major market sell-off in October that erased more than $1 trillion in digital assets. Despite Bitcoin’s partial recovery near $92,000, ongoing outflows from IBIT suggest cautious investor sentiment, although BlackRock remains confident in ETF strength. Meanwhile, spot Bitcoin alternatives like Grayscale’s Chainlink ETF see growing inflows, signaling sustained institutional interest in diversified digital assets.
Continue to read BlackRock’s Bitcoin ETF Faces Historic $2.7 Billion Outflow Amid Shifting Institutional Sentiment
BlackRock’s iShares Bitcoin Trust (IBIT) is undergoing its longest streak of weekly outflows since its January 2024 launch, with over $2.7 billion withdrawn in five weeks. This marks a significant change in institutional investors' attitude toward Bitcoin, triggered by a major market sell-off in October that erased more than $1 trillion in digital assets. Despite Bitcoin’s partial recovery near $92,000, ongoing outflows from IBIT suggest cautious investor sentiment, although BlackRock remains confident in ETF strength. Meanwhile, spot Bitcoin alternatives like Grayscale’s Chainlink ETF see growing inflows, signaling sustained institutional interest in diversified digital assets.
Continue to read BlackRock’s Bitcoin ETF Faces Historic $2.7 Billion Outflow Amid Shifting Institutional Sentiment
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