Reported about 1 month ago
BlackRock's iShares Bitcoin Trust (IBIT) recorded its first significant outflow in four months, with a net loss of $13.5 million on August 29. This decline follows a trend seen across other mutual funds, including Fidelity and Grayscale, which collectively lost over $71 million amid a wider drop in Bitcoin prices currently around $59,000. Notably, this is the second instance of outflows for BlackRock this year, raising eyebrows given the previous surge in retail interest for Bitcoin exposure.
Source: YAHOO