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Massive Outflows from BlackRock Bitcoin and Ethereum ETFs

Barrons.com +1 · ·by G4L

BLK Blackrock Inc
$1214.71 +3.04%
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ETHA ETHA -4.51%IBIT IBIT -1.31%ETHB ETHB -4.61%
  1. 1Combined outflows from BlackRock's Bitcoin and Ethereum investment products reached approximately $332.5 million in a single session.
  2. 2The iShares Bitcoin Trust (IBIT) saw outflows of $213.2 million.
  3. 3The iShares Ethereum Trust (ETHA) saw outflows of $119.3 million.

So what's the key point?

Approximately $332.5 million flowed out of BlackRock's Bitcoin and Ethereum investment products. This means investors are withdrawing money from these products.

Source Barrons.com +1 · View original ↗

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