Bloomberg ETF senior analyst Eric Balchunas said the iShares Bitcoin Trust saw $528 million in net outflows in one day, the fund’s second-largest daily withdrawal since launch.
BlackRock’s iShares Bitcoin Trust, traded under the ticker IBIT, recorded $528 million in net outflows in a single day, according to Bloomberg ETF senior analyst Eric Balchunas. He described the move as the second-largest one-day outflow since the Bitcoin ETF began trading. Net outflows mean more money left the fund than entered it during the session, a key measure of investor demand for exchange-traded products linked to Bitcoin.