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BlackRock Bitcoin ETF Sees $1.66 Billion in Outflows Over Seven Trading Sessions
(3 hours ago) · 1 source · Summarized by CryptoBipto
BlackRock's iShares Bitcoin Trust (IBIT), one of the largest spot Bitcoin ETFs, has reportedly experienced $1.66 billion in net outflows over seven consecutive trading sessions. The outflows represent a notable period of investor withdrawals from the fund.
WHY IT MATTERS
A Bitcoin ETF (exchange-traded fund) is a product that lets people invest in Bitcoin through a regular brokerage account, similar to buying shares of a company.
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SOURCES
- cointelegraph.com
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