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Crypto's ETF boom gets $4.5 billion reality check in brutal week
Bitcoin ETFs are witnessing significant outflows, with over $1.3 billion withdrawn in the past week as the cryptocurrency's slump deepens. This marks a departure from previous trends where ETF investors typically bought dips. BlackRock's IBIT leads these departures, signaling a shift as investors reduce exposure rather than accumulate. Despite a challenging market, many crypto veterans remain optimistic about a future recovery.
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news.bitcoin.com
Blackrock’s IBIT Leads $469 Million Bitcoin ETF Selloff in Biggest Exit Since June 2
Crypto ETF flows weakened sharply on Wed., June 24, as bitcoin ETFs posted a fifth straight day of outflows totaling $469.08 million.
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Bitcoin ETFs Lose $696 Million as Blackrock and Fidelity Lead Broad Crypto Selloff
Crypto ETF flows deteriorated sharply on Thursday as bitcoin ETFs posted a 6th straight day of outflows, with exits reaching $696 million.
