Institutional Exodus: BlackRock’s Bitcoin ETF (IBIT) Records Historic Outflows Amid Market Crash
The sharp downturn in the cryptocurrency market has triggered a major institutional retreat, highlighted by record-breaking outflows from the BlackRock iShares Bitcoin Trust (IBIT). Key Metrics of the Crypto Market Downturn: IBIT’s Record Outflow: BlackRock’s IBIT, the largest spot Bitcoin ETF with $72.3 billion in assets, has recorded a net outflow of $1.26 billion U.S. … Read more