As a researcher who has been closely monitoring the digital asset market for years, I must admit that yesterday’s outflows from Bitcoin ETFs were somewhat surprising but not entirely unexpected. The volatility in the crypto market is well-known, and it seems we are witnessing yet another phase of this rollercoaster ride.
On Thursday, BlackRock’s groundbreaking Bitcoin ETF recorded its first negative flows since May.
Overall, Bitcoin ETFs saw $71.8 million worth of outflows yesterday.
On Thursday, as per the latest data, there were withdrawals amounting to approximately $13.51 from the iShares Bitcoin Trust ETF.
Standout fact: On Tuesday, the ARK 21Shares Bitcoin ETF (ARKB) was the sole Bitcoin ETF showing gains. This shift followed a period of substantial withdrawals for this particular product.
According to U.Today’s report, IBIT quickly amassed a staggering $10 billion in managed assets.
In June, BlackRock’s Bitcoin ETF surpassed $20 billion worth of AUM.
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2024-08-30 11:10