BlackRock Bitcoin ETF fund outflow sparks heated discussion!
🚀 On January 2nd, BlackRock’s iShares Bitcoin Trust ETF (IBIT) sparked a frenzy in the investment community! Investors netted $333 million, setting a record for the largest withdrawal since the fund launched. But during this wave of craze, IBIT suffered losses for three consecutive days. This can be said to be its "biggest challenge"! 💔
Although IBIT has surpassed $53 billion in assets and helped push Bitcoin to an all-time high of $108,315 in mid-December, the recent decline in inflows is concerning. According to data from Bloomberg, net outflows from multiple U.S. Bitcoin exchange-traded funds have reached $2 billion since December 19, showing that institutional investors are beginning to reduce risks as they adjust their balance sheets at the end of the year.
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