BlackRock IBIT Records $65.4 Million Net Outflow
BLK Blackrock Inc
$1073.79 +0.72%
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- 1The iShares Bitcoin Trust (IBIT) recorded a net outflow of $65.4 million yesterday.
- 2The $484.9 million net outflow of US spot Bitcoin ETFs on October 7 included IBIT's $207.7 million outflow contribution.
- 3This outflow appears limited to IBIT holders, while all other funds had zero net inflows and outflows.
So what's the key point?
BlackRock's IBIT fund saw $65.4 million leave the fund. This means people who invested in this fund withdrew their money.
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