BlackRock Bitcoin fund sheds $420M as ETF losing streak hits day 7

Quick Summary:

BlackRock’s iShares Bitcoin Trust has just recorded its biggest single day outflow since launching in 2024.

Bitwise, Ark 21Shares, Invesco, Franklin, WisdomTree and Grayscale all saw outflows ranging between $10 million and $60 million.

The massive outflow follows a record day of bleeding from the products on Feb.24, when more than $1.1 billion exited on aggregate.

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Article Details

Author / Journalist: Cointelegraph by Martin Young

Category: Crypto

Markets: United States

Topics: Bitcoin Investors Ishares Blackrock Record Blackrock’s Million Fund Exiting Outflow Trust

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 05:22:53 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 404 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26479682

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 495 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #11

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