Breaking: BlackRock Bitcoin ETF Records Largest Outflow Since Launch

Quick Summary:

The US Spot Bitcoin ETF has ended its 16-day inflow streak this week, as the crypto market recorded a massive pullback.

Amid this, BlackRock Bitcoin ETF (IBIT) recorded its highest outflow since launch, sparking concerns among investors.

It touched a new all-time high of $108K earlier this month, amid soaring optimism toward the US Bitcoin Strategic Reserve.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Bitcoin News Bitcoin ETF outflows Blackrock Bitcoin ETF Bitcoin ETF IBIT 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 09:16:59 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 305 words

Reading Time: 2 minutes read

Sentences: 37 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 24574160

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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