BlackRock’s Bitcoin ETF records its second day of outflows since its launch in January. 📉

- On August 29, IBIT had $13.5 million in outflows, third behind Fidelity Wise Origin Bitcoin Fund ($31.1 million) and Grayscale Bitcoin Trust ($22.7 million).

In total, 11 Bitcoin ETFs in the US had $71.8 million in outflows.

Previously, on August 26, IBIT had $224.1 million inflows, the largest since July 22.

Cathie Wood’s ARK 21Shares Bitcoin ETF was the only fund with inflows ($5.3 million) on August 29.

BTC is down 3.43% over the past 7 days, currently at $58,751. ETH is also down 5.64%, at $2,517.06.

What do you think about this trend? Comment below! ⬇️