BlackRock’s iShares Bitcoin Trust Records First Outflow Day as U.S. Bitcoin ETFs Experience Significant Withdrawals
BlackRock’s iShares Bitcoin Trust experienced its first-ever outflow day during the trading ending May 1, 2024. According to data from Farside Investors, the spot Bitcoin ETF ended the day with a significant $36.9 million flowing out of its coffers. The outflows were not limited to BlackRock’s Bitcoin fund alone. Nine ...