According to BlockBeats, on May 2nd, BlackRock's IBIT experienced a net outflow of $36.9 million. This marks the first time the fund has seen a single-day net outflow. The news was initially reported by Tree News.
The net outflow is a significant event for IBIT, as it indicates a shift in investor behavior. This could potentially signal a change in market sentiment towards the fund. However, the specific reasons behind this sudden outflow remain unclear.
Further details about the net outflow and its potential impact on the fund's performance are yet to be disclosed. Investors and market watchers are keenly observing the situation, awaiting further updates.