BITCOIN ETFS RECORD $1.28B IN WEEKLY OUTFLOWS! 📰
Spot $BTC ETFs recorded $1,281.7 million in net outflows last week, marking their largest weekly withdrawal since late June. BlackRock’s IBIT accounted for $1,209.5 million of the total, meaning the vast majority of selling came from a single fund rather than being spread across the broader ETF market.
The concentration of outflows points to significant selling pressure in IBIT, while the wider Bitcoin ETF market saw a comparatively smaller share of withdrawals! 👀
#BlackRock #
Spot $BTC ETFs recorded $1,281.7 million in net outflows last week, marking their largest weekly withdrawal since late June. BlackRock’s IBIT accounted for $1,209.5 million of the total, meaning the vast majority of selling came from a single fund rather than being spread across the broader ETF market.
The concentration of outflows points to significant selling pressure in IBIT, while the wider Bitcoin ETF market saw a comparatively smaller share of withdrawals! 👀
#BlackRock #
