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BlackRock Bitcoin ETF Sees $2 Billion in Outflows Over Nine Sessions

(3 hours ago) · 1 source · Summarized by CryptoBipto

BlackRock's spot Bitcoin ETF, known as IBIT, has reportedly experienced approximately $2 billion in net outflows over a nine-day stretch. The sustained withdrawals mark one of the longest outflow streaks for the fund since its launch.

WHY IT MATTERS

An ETF, or exchange-traded fund, is a product that lets people invest in an asset like Bitcoin through a regular brokerage account, similar to buying a stock.

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SOURCES

  • cointelegraph.com

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