U.S. spot Bitcoin (CRYPTO: BTC) ETFs shed $519 million on Tuesday while altcoin ETFs stayed green across the board as Bitcoin crashed to $66,000 overnight.
BlackRock Alone Sold $440M As Five-Week Outflow Total Hits $5B BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) sold 5,800 Bitcoin worth $440.29 million on Tuesday, accounting for the bulk of the day's total outflow.
Fidelity's (NASDAQ:FBTC) sold 674 Bitcoin for $45.14 million and Grayscale's (NASDAQ:BTC) sold 1,250 Bitcoin for $83.51 million.
Morgan Stanley's (NASDAQ:MSBT) was the only buyer, picking up 220 Bitcoin worth $14.77 million against the tide.
The broader picture is worse.
