Frens Market FeedsCrypto

BlackRock's IBIT Records $528M Outflow – 2nd Largest Single-Day Since Inception Bloomberg ETF senior analyst Eric Balchunas noted that iSha…

BlackRock's IBIT Records $528M Outflow – 2nd Largest Single-Day Since Inception Bloomberg ETF senior analyst Eric Balchunas noted that iShares Bitcoin Trust (IBIT) recorded $528 million in net outflows yesterday, marking the second-largest single-day outflow since the ETF’s launch. However, the analyst added that IBIT still ranks in the top 2% of all ETFs with $2 billion in net inflows year-to-date, while cumulative historical inflows have reached $64 billion, making the latest outflow less than 1% of total inflows.

More from Frens Market Feeds