#CryptoMarketDip

While Bitcoin (BTC) and altcoins experienced a sharp decline due to increasing macroeconomic concerns in the US, this decline was also reflected in ETFs. Spot Bitcoin and Ethereum ETFs also experienced major outflows.

However, BlackRock saved the day. While other ETFs experienced significant outflows, BlackRock iShares Bitcoin ETF (IBIT) recorded an inflow of over $596 million, ensuring the day closed positively.