BlackRock Bitcoin ETF has its first outflow!
BlackRock's iShares Bitcoin Trust (IBIT) finally broke the record of 16 consecutive days of inflows and ushered in outflows. On December 19, $72.7 million flowed out, setting the largest single-day outflow record for the ETF since the beginning of the year! Fidelity's FBTC followed closely behind, with an outflow of $210 million.
Does this change mean that institutional interest in Bitcoin is cooling? Although market volatility has led to capital outflows in the short term, Bitcoin has maintained a strong rebound, and the current price has rebounded to $97,325.
Some analysts believe that although ETF outflows show short-term institutional caution, Bitcoin's long-term prospects are still bright, especially when institutions such as MicroStrategy are still firmly increasing their positions in Bitcoin.
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