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Thursday's inflows ended a run that drained $2.7 billion, but analysts warn one green day isn't necessarily a trend reversal.
BlackRock's IBIT was the only fund to see net outflows on Thursday, shedding $40.4 million and continuing its negative streak.
US spot Bitcoin ETFs post $221.7 million inflows, the strongest daily intake since early May, as Bitcoin recovers above $61,000.
Spot ETFs had their strongest inflow day in two months, driven by funds other than BlackRock’s IBIT.
US spot Bitcoin ETFs logged a record $4.5 billion in June outflows, pushing year-to-date totals to $5.5 billion, signaling an unprecedented pace of withdrawals.
Analysts cited capital rotation amid macroeconomic uncertainty and SpaceX's historic IPO as the main drivers of the significant outflows.
Investors have pulled out $4 billion from the U.S.-listed spot bitcoin ETFs in June, the highest outflow on record.
Friday's $444.51 million net outflow capped a seventh straight negative week, the longest weekly run on record for the category.
The post BlackRock Bitcoin ETF Investors Now Down 40% as $1.79 Billion Leaves Spot ETFs appeared first on Coinpedia Fintech News The recent Bitcoin crash has hit BlackRock ETF investors much harder than many expected. The average IBIT investor is now down nearly 40%, and panic selling pushed $1.79 b
Bitcoin ETF flows refer to the movement of money into and out of bitcoin exchange-traded funds (ETFs). When investors buy ETF shares, new money enters the fund and creates an inflow. When investors sell shares and capital leaves the fund, an outflow occurs. Because most U.S. spot bitcoin ETFs hold a
