Bitcoin ETFs shed $2.35 billion in two weeks. Why has BlackRock suffered 11 straight days of outflows?
U.S. spot Bitcoin ETFs saw $2.35 billion in outflows over two weeks, including $1.435 billion from BlackRock IBIT.
Data released Friday showed net outflows of $18.54 million from U.S. spot Bitcoin ETFs. BlackRock's IBIT accounted for $14.35 million in outflows, while Fidelity's FBTC lost $4.19 million. This marks 11 consecutive trading days of outflows for BlackRock's IBIT. The sustained outflows from ETFs reflect investors' pessimism about Bitcoin's current price.
Market impact
- Short term: Continued ETF outflows could weigh on sentiment toward Bitcoin, though its current price of $67,314 remains relatively low.
- Medium term: ETF outflows may indicate that institutional investors are reassessing Bitcoin's portfolio value. In the long run, keep an eye on how regulatory changes affect capital flows.
Don't be too harsh if I'm wrong—I'm just trying it out with a small position myself.
$BTC $ETH #BTC #ETH
⚠️ This is not investment advice
#ETF
$BNB
U.S. spot Bitcoin ETFs saw $2.35 billion in outflows over two weeks, including $1.435 billion from BlackRock IBIT.
Data released Friday showed net outflows of $18.54 million from U.S. spot Bitcoin ETFs. BlackRock's IBIT accounted for $14.35 million in outflows, while Fidelity's FBTC lost $4.19 million. This marks 11 consecutive trading days of outflows for BlackRock's IBIT. The sustained outflows from ETFs reflect investors' pessimism about Bitcoin's current price.
Market impact
- Short term: Continued ETF outflows could weigh on sentiment toward Bitcoin, though its current price of $67,314 remains relatively low.
- Medium term: ETF outflows may indicate that institutional investors are reassessing Bitcoin's portfolio value. In the long run, keep an eye on how regulatory changes affect capital flows.
Don't be too harsh if I'm wrong—I'm just trying it out with a small position myself.
$BTC $ETH #BTC #ETH
⚠️ This is not investment advice
#ETF
$BNB
