With BTC prices flat, investors are pulling funds out of US spot Bitcoin ETFs in droves. BlackRock iShares Bitcoin Trust (IBIT) saw a record outflow of $332.6 million, the largest since its launch. 😮
Despite this, IBIT remains the largest Bitcoin ETF with over $51 billion in assets under management. Its rapid growth has made it the fastest ETF to reach $50 billion under management. 🚀