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Bitcoin ETFs Record Five Consecutive Days of Outflows Led by BlackRock
(2 hours ago) · 1 source · Summarized by CryptoBipto
U.S. spot Bitcoin ETFs have experienced five straight days of net outflows, with BlackRock's iShares Bitcoin Trust (IBIT) reportedly accounting for a significant portion of the withdrawals. The streak marks a notable period of investor redemptions from these funds.
WHY IT MATTERS
A Bitcoin ETF is a fund that trades on a traditional stock exchange and tracks the price of Bitcoin, allowing people to gain exposure to Bitcoin without buying and holding the cryptocurrency directly.
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SOURCES
- beincrypto.com
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BTCBitcoin ETFsInstitutional InvestmentFund FlowsBlackRock