💰💰73 million! A new historical high for BlackRock!
As a major player in the Crypto market, BlackRock's BTC ETF (IBIT) recorded an outflow of 72.7 million dollars on December 20, marking the largest outflow since its launch 😱.
Meanwhile, Fidelity's BTC ETF (FBTC), also an ETF issuer, set a historical high outflow of 208.5 million dollars on December 19 😰.
The massive outflows experienced by the two largest ETF issuers in the U.S. have raised concerns among Crypto investors regarding the prospects of ETFs in the coming months 🤔.
However, some viewpoints suggest that the outflows may not be sustained, as they have previously facilitated significant inflows 🤗.
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