• Spot Bitcoin ETF (ETF) #BlackRock saw more than $13 million in net outflows, marking the first time since May that the investment vehicle has lost more money than it gained.
The Ishares Bitcoin Trust ETF (IBIT), which is the largest spot Bitcoin ETF by total assets, saw about $13.5 million in outflows on Thursday, according to data firm Farside Investors. This is the second time Blackrock’s bitcoin fund has seen negative outflows since its launch in January.
The #IBIT losses came as investors collectively withdrew about $71,800 from U.S. spot Bitcoin ETFs on Thursday — the third straight day of negative outflows, according to Farside data.
