BlackRock IBIT Registers Consecutive Two Weeks of Net Outflows

【BlackRock IBIT Registers Consecutive Two Weeks of Net Outflows】Golden Finance reports that U.S. spot Bitcoin ETFs generally rebounded over the past week alongside the rise in Bitcoin prices. According to SoSoValue data, these 12 funds recorded a weekly net inflow of $245 million, marking the third smallest total so far, but an improvement from last week's net outflow of $388 million. However, the largest of such funds by net asset value, BlackRock IBIT, experienced weekly net outflows for the second consecutive week, despite having only four trading days in both weeks due to holidays. This is the first time the largest spot Bitcoin ETF in the market has experienced such consecutive declines; its net asset value (NAV) of $54.3 billion still far exceeds its largest competitors, Fidelity FBTC and Grayscale GBTC, both of which have NAVs of around $20 billion.