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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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