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Breaking: BlackRock Bitcoin ETF (IBIT) Records Largest-Ever Outflow of $188M

CoinGape LogoCoinGape21h ago

Breaking: BlackRock Bitcoin ETF (IBIT) Records Largest-Ever Outflow of $188M - CoinGape

Quick Summary:

BlackRock’s iShares Bitcoin ETF (IBIT) has recorded its largest-ever $188.7 million in outflow on Tuesday, raising concerns over future implications.

Also, US-based spot Bitcoin ETFs saw consecutive outflows for the fourth day as Fidelity’s FBTC and Ark Invest’s ARKB continued weak performance amid holidays.

While analysts and investors are primarily bullish, the recent prediction by experts including BitMEX co-founder Arthur Hayes about a potential crypto market crash near Donald Trump’s inauguration day sparked sell-offs.

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Breaking: BlackRock Bitcoin ETF (IBIT) Records Largest-Ever Outflow of $188M - CoinGape (Picture 1)Breaking: BlackRock Bitcoin ETF (IBIT) Records Largest-Ever Outflow of $188M - CoinGape (Picture 2)

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 07:56:05 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 513 words

Reading Time: 3 minutes read

Sentences: 45 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 24657583

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 18 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Breaking: BlackRock Bitcoin ETF (IBIT) Records Largest-Ever Outflow of $188M" was covered 21 hours ago by CoinGape, a news publisher based in India.

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  • URL: https://beamstart.com/news/breaking-blackrock-bitcoin-etf-ibit-17351137884199

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